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INDIAN OIL CORPORATION

Discussion in 'Technical Analysis' started by pawan_gaur1, May 22, 2012.

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  1. pawan_gaur1

    pawan_gaur1 New Member

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    Hello Mr Shabbir

    I have taken positional call on INDIAN OIL CORPORATION bcoz its 20days EMA is crossing 50days EMA and candels are touching the upper side of bollinger bands ,
    what do you say as your opinion is very important to me
     
    pawan_gaur1, May 22, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Hi Pawan,

    You have posted this in others thread and it is better to have a separate thread for each query and keep related things in one thread for others to search and refer.

    Now coming back to your query about IOC my views are it has a good support at around 250 and resistance at around 285 and so current market price of 270 should be good entry point on this stock.

    Other technicals as you have seen looks good as well but make sure you keep an eye on the support of 250 religiously.
     
    shabbir, May 22, 2012
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