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Jaybamboli

Short Trade in IOC

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INDIAN OIL CORP (NSE:IOC)  
Jaybamboli  
NSE:IOC   INDIAN OIL CORP
Trend Analysis Chart Patterns Technical Indicators shorttrade fakeout Descending Triangle
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trendanalysis chartpattern indicator shorttrade fakeout descendingtriangle
After a fake breakout of Descending triangle pattern in IOC, stock is looking weak with neutral results. After closing below 165, stock can achieve target of 152. Also, stock is trading under 50SMA. RSI is also near 49.
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