Only for education purpose not to be taken as a trading call. CHART BY HARMONIC LEARNING AND EARNING
It seems like NSE:IOC has completed an expanding Flat on the 240 as a part of the bigger corrective structure. There is probably one major move to the downside before an upmove. The Downmove in question has just finished a running flat and is likely continuing the move down to retest the recent lows of the structure.
Strong support at 150, which is now Resistance. Once crosses 150, it will shoot up.
"Don't focus on making money; focus on protecting what you have." - Paul Tudor Jones
there is resistance at 460, with no fundamental news future, it looks like the bull run of ioc has lost the steam it is safe to short 470ce @ 8.50
WAIT FOR OPENING BELL IF ABOVE 379.85 BUY GREEN TARGET RED LINE SL TX
ALL IN A RHYTHM.......BPCL,,,,,HPCL---- I WILL COME BACK LATER TO FILL THE LEAP... FIRST LET ME FALL
Looking to short on weakness.