Technical Trading Idea : Indian Oil Corporation Ltd Ltd Target Rs.163 By Motilal Oswal Wealth Management

Indian Oil Corporation Ltd
Buy Indian Oil Corporation Ltd CMP 151 SL 146 TARGET 163 DURATION Weekly
* Range breakout on daily chart
* Strong bodied bullish candle.
* Respecting 50 DEMA support zones.
* High volumes on price up moves.
* RSI momentum indicator rising.
* We recommend to buy the stock at CMP ?151 with a SL of ?146 and a TGT of ?163.
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