IOC - oil

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