As 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...
What I see in IOC Would love to share my views with you all :
_ I see that the price was getting rejected from the same trendline on weekly basis for quite a while now
and recently broken with 4 bullish green candles on W charts
_ I see that the zone of 102 to 106 is a strong supply-demand conversion zone, which means it can sometimes work as
Daily MACD Cut may come on upcoming days and weekly indicators are positive. In Weekly Ichimoku chart, Price took support on conversion line and Conversion line above the base line. Lagging span above the day close. Once it coming out of the cloud, price may zoom up further. Weekly MACD crossover may happen on upcoming months. These parameters may help to reach...
Name - #IOC
CMP - 114
SL - 99
Target - 130/150/200
Time Frame - 6 - 12 Months
Technical Triggers -
1) Stock has just broken out from a multi year downtrend on high volumes
2) Stock is taking support at the 200 EMA
3) Stock is in the proccess of making a multi year rounded bottom
This is a slow compounding stock and expect slow moves in this one
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...
Breakout of long term Resistance trendline. With Good Volume amount.
Good to Buy on my POV for Tgt of ₹ 120.
On 1 Hour Time frame already have 50-200 moving average crossover and good support on daily time frame also.
Here 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
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...
As the chart shows, Indian Oil Corporation has given a BREAKOUT from a 3 year old resistance. (OPEN THE CHART FOR DETAILED VIEW)
Entry: CMP (111-112)
Target 1: 127.50
Target 2: 144.50
Target 3: 155.50
STOP LOSS: 102
TRAIL STOP LOSS
VOLUMES ARE TOO GOOD!!
Risk-Reward Ratio favorable
I would recommend a long swing trade.
FOLLOW IF YOU LIKE THE...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
As you can see in the chart, the stock price is currently at a weekly resistance (higher time frame resistances/supports are found to be very strong). I would expect a 50% pull down of the 4.94% rise up today that is to the white box marked in the chart around 107.8 region. Also to support my analysis the rsi indicator is way overbought(above the 70 line) on all...