IOC has target of Rs 320: Sandeep Wagle

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IOC has target of Rs 320: Sandeep Wagle

IOC has target of Rs 320, says Sandeep Wagle, Head of Technical Analysis, Angel Broking.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sandeep Wagle See what other Experts & Brokerages are saying about IOC See messages about IOC IOC BSE | NSE 10/02/12 Are Mutual Funds betting on IOC?

Indian Oil Corporation (IOC) has target of Rs 320, says Sandeep Wagle , Head of Technical Analysis, Angel Broking.

Wagle told CNBC-TV18, "I am seeing a target of somewhere around Rs 320 in Indian Oil Corporation (IOC) and current price this stock can be bought or possibly on a little bit of a decline. One can have a stoploss of Rs 290, typical risk to reward of 1:3 for a trader with a 2-3 week perspective."

Disclosure: I do not own the above stock but our clients maybe having some positions in it.