#IOC ready for breakout

Indian Oil Corporation Limited looks ready for breakout. As of now, stock has been under consolidation just above Previous ATH levels and forming a bullish MA formation along with nice volume breakout.

SL can be of 5% (candle closing basis) with targets of ₹217 levels.

First target can be of ₹196.

Do your own research before investing as this is just the stock idea that I am sharing.