#IOC @ 72.25
This is an interesting study of #IOC chart on 1-hour basis:
- Period : MAY 2020 (12 trading days)
- Observe behaviour of candles in GREY and YELLOW
- On any GREY candle - the high point of one-hour remains higher for the entire day
- So an intraday SELL strategy can be initiated for a gain of maximum average of 2-3 points daily
Long @ 76.6 with target at 79.75 and stoploss at 75.4
Bearish candle at P1 with declining trend
Beginning of a morning Star pattern formation with gap down pin bar showing severe price rejection on P2
RSI reaching close to oversold levels again and price at the edge of bollinger bands
What do you guys think?
TREND ANALYSIS & TRADE SETUP
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R:R is 3-5 times.
IOC is near strong support and it is going to start its rally...
Tomorrow IOC can go down first towards 121 and from that point it'll start recover..
Intraday buy IOC @ 121.10-121.25 Target 123,124.05,125.85 Stoploss 120
For positional Buy @ 121.5 stoploss 118.8 Target open..
IOC Important Hurdle at 160.4 Weekly Close above this Stock will Rocket. Looking at Momentum it is likely possible this will happen. Buy once stock gives weekly close above 160.4 and Hold with Patience. Cheers!!!!!!
Hi All ,
Everything on chart. Minimum Target 435
No Naked Futures / Calls
3 strategy :
Buy April futures , Buy April 420 PUT
Buy April 420 calls , Sell april 440 or 430 calls
Buy April 420 calls 2 lots , Buy april 420 put 1 lot (Put /call combination as per ur chooice).
Note : Consult your financial adviser before investing ,...