IOCL (Detailed Analysis)

IOCL (Weekly):
1. On Trendline Support
2. Forming a Symmetrical Triangle
3. Can go Long only after Breakout

IOCL (Daily):
1. Penant within a Symmetrical triangle is formed
2. Last candle closed below 5, 13 Days Exponential Moving Average

Addl Points:
1. FII/FPI have increased holdings from 7.21% to 7.94% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 3.92% to 3.38% in Dec 2021 qtr

Note:
The above analysis is just for educational purpose.