buy ioc above 409 tgt 415/420 sl 400
Primary trend of the ioc is bullish and after
giving breakout of its MONTHLY resistance level, it is forming continuation
pattern in short term charts, it is likely to continue the positive movement
with the breakout of the pattern at the levels of 413 ; as the stock is
managing to trade above its 22 and 55&200 days moving averages with the RSI
of 73, one may expect the targets of 415/420 in the stock if it manages to
sustain above the immediate support level of 400.first resistance level seen on
charts at 415.
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