Get started

Indianoilcorp

NSE IOC – Approaching a Key Demand ZoneTimeframe: Daily After reaching a high of 196.8, the price has declined by over 39% in 13 weeks. It is currently trading below the 50/100 EMA band, with ATR at 3.68 and ADX at 26.02 . According to the Elliott Wave projection, the peak of 196.80 can be identified as a wave ((3)). The security is currently undergoing the formation of a corrective wave (4). Wave (B) formed at 185.97 , while wave 4 of wave (C) was completed at 145.10 . NSE IOC is now setting up for the final wave 5 of wave (C). Two key Fibonacci relationships help estimate the end of the correction: 1.618 Fibonacci extension of wave (A) at 106.54 (for wave C) 0.618 Fibonacci extension of wave 1 at 115.52 (for wave 5) The price is expected to settle between 115 and 105 , which serves as a key demand zone for buyers. If the price breaks out and sustains above 129.75, traders can target the following levels: 139 – 156 – 172+. we will update further information soon.
NSE:IOC
by forextidings
1
Chennai Petroleum for 85%+ gainsDate: 23 Oct’24 Symbol: CHENNPETRO Timeframe: Daily The 14th Oct post is not visible somehow so posting the same chart. Chennai Petroleum Corp Ltd currently seems to be in Wave 4 which may end around 780-820, marked as demand zone in the chart. September quarter results are not good so consolidation in Wave 4 can be longer. Wave 5 could then head to around 1500+ levels (85%+ from end of Wave 4). We can review this for more clarity on the target when it moves past 1000. This is not a trade recommendation. Please do your own analysis. Chennai Petroleum Corp Ltd vartamaan mein Wave 4 mein dikh raha hai jo 780-820 ke aaspaas samaapt ho sakta hai, jise chart mein Demand zone ke roop mein dikhaya gaya hai. September quarter ke result acche nahi aaye hain to Wave 4 thoda lamba chal sakta hai. Wave 5 tab lagbhag 1500+ star (Wave 4 ke ant se 85%+) tak pahunch sakta hai. Target par adhik spashtata ke lie ham iski sameeksha tab kar sakate hain jab yah 1000 ke paar chala jae. Yah koi trade lene ki salah nahi hai. Kripya apna vishleshan khud karein.
NSE:CHENNPETROLong
by DhandhaPaani
IOC LONG (167-170), AT UPTREND SUPPORT LINE AND READY TO BLOWTechnical Analysis of Indian Oil Corporation (IOC) - Daily Chart Note: I bought at 168 and find next major support at 155. 1. Support Zone: The stock has consistently found support around the 160-165 range, as indicated by the green arrows. This shows strong buying interest in this zone, preventing the price from falling further. 2. Volume Spikes: Noticeable volume spikes occurred when the price moved upwards, highlighted by the green arrows. This is a bullish indicator, suggesting increased buying activity and investor confidence. 3. Uptrend Support Line: The stock has been respecting an uptrend support line (blue), which indicates a gradual increase in price and a bullish trend. 4. Resistance Zone 1 (Purple): The stock faced resistance around the 180-185 range multiple times (red arrows). Although there were attempts to break out of this zone, they failed, indicating this area as a significant resistance level. 5. Resistance Zone 2 (Green): The next resistance level is around the 195-200 range. Breaking through this zone would signal further bullish momentum. 6. Short-term Target: The short-term target for the stock is around 189, which is just above Resistance Zone 1. If the stock breaks this level, it could see further upward movement. 7. Long-term Target: The long-term target is set at 225, indicating potential for substantial gains if the bullish momentum continues. Conclusion The technical indicators suggest a bullish outlook for Indian Oil Corporation, with strong support levels, volume spikes on upward movements, and potential breakout targets. Disclaimer: I am not SEBI certified, and this is not financial advice. Always conduct your own research before making any investment decisions.
NSE:IOCLong
by Pattern_Ninja
2
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
Daily Bullish Flag Breakout in OIL PSU StockA Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:IOC MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
NSE:IOCLong
by raigvivek
⛽ 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