IOC - Bullish Long

INDIAN OIL CORPNSE

Description

⋅ Aug 16, 2021 3:45 PM

Retracement from Fib Level 0.5
Previous Resistance acting as a support
Good volume back on
Triangle Pattern breakout
MacD turning bullish
Stay long till it holds 102
Tgts 117/124

Comments

SK_tron

⋅ Aug 20, 2021 12:03 PM

what do you think at CMP , taking sep fut is good?

Vishy5

⋅ Aug 21, 2021 8:15 AM

@SK_tron, Risk to reward is absolutely favourable at this point, no doubt about it

SK_tron

⋅ Aug 21, 2021 12:03 PM

@vishmohit, yes do you think it's gonna hit all time high by end of september? bcoz NIFTY energy is also at the bottom of a channel pattern and looking to rise from there! what do you think?

Vishy5

⋅ Aug 22, 2021 9:08 AM

@SK_tron, Exactly my thoughts !!! (No emojis to express here, but yes its a Thumbs up! ;) )

Vishy5

⋅ Aug 22, 2021 9:09 AM

@vishmohit, expecting Nifty Energy Index at 21800 next

SK_tron

⋅ Aug 22, 2021 11:26 AM

@vishmohit, by next month?

Vishy5

⋅ Aug 23, 2021 3:37 AM

@SK_tron, sep expiry

SK_tron

⋅ Aug 23, 2021 10:00 AM

@vishmohit, how is it looking now? nifty energy recovered but IOC did not, but the volumes are low, what do you think?

Vishy5

⋅ Aug 23, 2021 11:44 AM

@SK_tron, on pullback volumes are relatively very low, still views are clear if it fails to hold 102/101.80 i am out of it...

Vilas2020

⋅ Aug 18, 2021 10:25 AM

Seems week to break 107. More selling is going on in this stock. I shorted at 106.2 to day. Let us C.