TradeTheTip

IOC | Long Term Trendline Breakout with Volume 🎯

Long
NSE:IOC   INDIAN OIL CORP
⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕

--Buy above =102.60 or CMP
--Target = 116.80 | 143. 40
--Stop-loss = 84.80
--R:R =2.76
--Expected Profit = 39%
--Expected Holding = 1-3 Months only

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⭕Technical Reasons to trade or Strategy applied :- ⭕

1) Long term Trendline Break with volume
2) Long Term Resistance Breakout with volume
3) Volume is perfect
4) Stock has given the Triple Bottom Breakout
5) Fundamentals will support the stocks as well
6) Target is based on pattern height & S&R zone basis

Guys check out the related ideas as well, it will work really well GUARANTEED !

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Comment: modify your SL to 66

Comments

can we take the trade now??as it fell today
+3 Reply
TradeTheTip yaminiqueen
@yaminiqueen, yeah you can or else you can wait for some more correction
Reply
yaminiqueen TradeTheTip
@TradeTheTip, sir I have a small doubt I am new to trading and really liked your charts for study.
sir we should wait for confirmation from your end before entering the trade?
Reply
TradeTheTip yaminiqueen
@yaminiqueen, well there is a technical problem with my profile ....so to get the updates you need to follow my every idea to get the notification & as per me idea is active & I will update if I'll get next best entry for sure .....I'm glad that you liked my ideas
Reply
yaminiqueen TradeTheTip
@TradeTheTip, thank you so much and would appreciate if you share your view on vodafone as well
Reply
TradeTheTip yaminiqueen
@yaminiqueen, sure ....i will do in this weekend
Reply
nice analysis :)
+1 Reply
TradeTheTip cautiousCockat10189
@cautiousCockat10189, thank you 😊
Reply
CMP is above 102.60 today, But Price will be adjusted tomorrow with the dividend amount, so how do we take the decision with respect to resistance level? Thanks.
Reply
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