INDIAN OIL CORP LTDPembelian
Potential Breakout from Flag & Pole Pattern
✅ The stock has been consolidating under a descending trendline + created Flag & pole pattern after a strong uptrend in late 2023. The price is now attempting to break above this trendline, which could signal the resumption of the uptrend.
✅ The RSI is currently around the 60 mark, indicating building bullish momentum. Although volume is moderate, the price action suggests buyers are gaining control.
✅ A successful breakout above the trendline, confirmed by a close above ₹180, could propel the stock towards higher levels, potentially targeting ₹200. Traders should watch for continued strength and increased volume to confirm the breakout.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.