Trading strategies by Religare Broking: Buy Indian Oil Corporation, Titan

TITAN has been trading within 940-1030 zone for almost one and a half months, taking a pause after a sharp rebound

Indian Oil Corporation Limited
 

Recommendation: Buy 
 

Last Close: 93.45
 

Initiation range: 91-92
 

Target: 102
 

Stop loss:87
 

IOC surged strongly on July 21, posting a fresh breakout from a month-long consolidation phase. Besides, the energy index has also witnessed a fresh breakout, which further adds to the confirmation. Put together, we are anticipating the momentum to continue ahead thus traders can initiate fresh longsin the given range.
 

Titan Company Limited
 

Recommendation: Buy
 

Last Close: 1,015.15
 

Initiation range: 1,000-1,015
 

Target: 1,110
 

Stop loss: 970
 

TITAN has been trading within 940-1030 zone for almost one and a half months, taking a pause after