The news of fuel price rise expectation saw some activity in oil counters. One such stock which is positive in the oil space is IOC.
IOC price chart suggests that a break above Rs 324 should trigger further buying. Traders and investors may keep a stoploss near Rs 300 for the time being and add further on a close above Rs 328/-.
Target expectation is Rs 375-380/-
Happy stock picking in a weak market !
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
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