Good Reversal is possible in IOC, as it is recovering slowly and seems to be heading towards 98-odd levels in a week or 2.
This counter can move up to 335 in the next few weeks. One should track this counter for knowledge purposes. At attractive valuations and reverse zones on technical charts.
COUNTER: Mangalore Chemicals and Fertilizers. All the fertilizer shares are showing bullish Undertone. Price Action pointing at supply zone around 90-95 odd zones. Though looking at the volumes the counter would soon absorb the supply. Post a weekly close above 95 counter would enter price discovery mode and try to test #Fibonacci extension of 1.272. Keep a Target...
Looks like the smart Money has managed to trap IT bears. Possible upside can be witnessed in the IT stocks in the coming few trading sessions.
4429 Looks good support for crude on monthly closing basis. If 4429 is held on Monthly close my Targets for Crude is 5960. Disclaimer: Post For Educational and learning purpose. Trade at your risk.