IOC(Indian Oil Corporation)
As Crude has come down in past 2 days coz of Egypt President handling the power and civil reset calm down in Egypt.IOC should be good beneficiary in crude cooling off.
IOC is trading in parallel channel taking support at bottom trendline and now will head towards on upper trendline around 323
Buy above 316 Tgt 318,323 and 328 Sl 308
Stock made a smar pullback on friday with a 5% gain backed by short covering on Banks Stocks.
Stocks is now moving in zone of Resistance
20 DMA has crossed 200 DMA on downside making a Death Cross.
200 DMA @ 205.7 Levels
Buy around 199 Tgt 203 and 206 Sl 195