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.