NikunjPurohit

IOC - oil

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NSE:IOC   INDIAN OIL CORP
1) Oil at important support levels. Likely to breakdown. OMC outperformed market when other indices were bearish
2) IOCL Likely to breakout at 170
3)GRM in Apr - Jun 2018 quarter was 10.21$ as compared to $4.32 yoy. Results declared on Friday were very good
4) On monthly chart, price faced resistance at 61% fibonacci level
5) RSI divergence with double bottom at INR 150

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