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IOC, Technical Outlook

NSE:IOC   INDIAN OIL CORP
After the break of structure the price has been trading in the negative zone. The breakdown of 164 could open the levels of 161. But the range of 164 to 161.40 could also act as a strong support zone. But the probability of a negative move is high.

Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

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