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Indianoil

Indian Oil Corporation Ltd - Breakout OpportunityDate : 30-Jul-2024 LTP : Rs. 182.95 Next Resistances: (1) Rs. 196 --> (2) Rs. 227 --> (3) Rs. 276 SL : Rs. 160 on daily close basis Technical View: • NSE:IOC is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 196.8 on 8-Feb-2024, it has retraced 25% to 147.80 level. • On 25-Jul-2024, NSE:IOC has broke out from its secondary down trend with higher than average volume. • NSE:IOC is trading above 21 DEMA, 20 DMA and 50 DMA. • RSI is trading in buy zone at 67.35. • MACD is trading at 2.74. • Looking good to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:IOCLong
by vicky252
1
⛽ Indian Oil Corporation LTD Swing Opportunity 🎯NSE:IOC 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 As One can see, This Pattern has Been Made on Weekly Time Frame, that's why stop loss quite big as per this time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis. (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 106.25 SL :- 101.90 (Closing Basis) Target 1:- 110 Target 2:- 113 Target 3:- 116 and more Trailing basis Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, ask doubts in comments below. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:IOCLong
by linesandlevels
Indian Oil Corp. Trend AnalysisAs we mark some trendlines and used some random indicators and in the end we have got the result that it may b give a breakout in bearish side. if it breaks the trend line in bearish side the 1st price target will be 117.60 and 2nd price target will be 117. if the trend breakout moves in bullish side then the 1st price target will be 119.55. but the important part is you have to wait until it breaks the trend line pattern in bullish or bearish side. first you have to confirm the trend and then enter in the trade... i hope my judgement is true as i am not a professional trader i am a new bee trader... if am wrong then please let me know.... hope for the best..... Thanks in Advance....
NSE:IOCLong
by cutter2711
IOC - Positional idea | Potential 100% gainKey Highlights: 1. Bullish market structure - HH, HL 2. Volume expansion 3. Coming out of the accumulation 4. Approaching major resistance zone 115-122 5. Positions can be added between 100-115 6. Close above 122 will trigger a rally to 160 7. Target: 155, 186, 228. Stop Loss: 85 8. Time frame: 15-18 months You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
NSE:IOCLong
by johntradingwick
6
ONGC Ready For 40% - Multi Year BrekoutHere is the detail analysis of ONGC . Its a buy candidate . Stock is ready for uptrend after the multi year resistance has been taken our. We are just using ripple to enter early. Buy - Above 124 SL- 110 Target - 138 150 160 175 Duration- 6 months and above But Swing Traders can take advantage by catching the early targets mentioned. Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup. Do follow us Like Us Share with fellow traders Also check the below related ideas for other stocks.
NSE:ONGCLong
by Omahto
Indian Oil Break OutIndian Oil has given a breakout (though not very convincing due to lack of a big candle) at the resistance of 94~95 level. The short term target should be 98~100. The midterm target should be 104~105 and a long term target of 115 can be thought of for patient warriors. However, option chain analysis shows a huge no. of calls (big resistance for this month) at the level of 100 and supports based on PUTs can be identified at 90 and 85 (more PUTs at 85 as compared to 90). Let's see how it unfolds. Disclaimer: I am new to Option Chain Analysis :)
NSE:IOCLong
by arunkrmishra2000
1