Indian Oil Corporation Ltd - 11.02.2022

Indian Oil Corporation Ltd - 11.02.2022

The stock is trading @ 122 levels

There is a HAMMER in Weekly Charts

There is a ENGULFING BULL in Daily Charts

There is a DOJI in Hourly Charts

RSI is 53 in Weekly Charts

The prices are at EMA

Let the prices go above 124.60; one can initiate a BUY position with Support @ 117.15

Watch out for the price action