ioc is getting bearishioc is at the supply zone the price will go lower because the price is respected the supply zone
IOC
#TORNTPOWER 1668 TGT 15% 1940+ NSE:TORNTPOWER
Target 1940 15% upside
NSE:TORNTPOWER CPM 1668
TGT 1940+ (15%)
SL 1550
TF < 6M
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
IOC - 1D TFNSE:IOC is 1/2 stock which I missed to post on Oct -21. This stock has been trading near the support zone for last few weeks and has broken it and went down. This is a good R:R stock, as nifty also started descending this stock hit the take profit easily.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
IOCIOC - Need to Break the range for move upside
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
IOCAll important points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
IOCNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
IOC - Flag and Pole Pattern - Swing TradeThe stock has formed flag & pole pattern
on the weekly chart.
One can enter above 186 with a strict
Stoploss of 163
Target 1 - 220
Target 2 - 240
Target 3 - 269
#SWING / LONGTERM TRADE
#FUNDAMENTALLY STRONG STOCK
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
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.
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.
IOC on a breakout IOC looking good for a short term
Consolidating for Long.
Volumes are also picking up.
Very Strong on Weekly Charts, Just a small concern is RSI is in overbought Zone and seem like it can retest also, there is a small resistance at 179 also.
Note: I am not a Financial Advisor. Your money, your profit/loss. :-):-)
Just posted the idea as it seems good and people can analysis of it's own before taking any trade.
Happy Investing 🙂🙂
IOCIOC is going for a breakout. Buy Hold for long term.
Dont forget to put SL 153 below.
Even if it go below current level need to hold and buy more.
All details mentioned in the graph.
*Investing in market is subjected to market risk do own analysis before investing.
BO in IOC - Flag pattern BOIOC has announced a Dividend of Rs.7/- i.e 4% at the CMP
1. Price is reversing from 0.618 levels in the weekly timeframe
2. Strong support (7yrs) at 149-156 levels and also 50EMA line.
Do your own research and risk management. Disclaimer: Holding position in company
@IOC Swing Opportunity- 3 Months Of consolidated
- Ready to Break the Trendline
- Can Expect the rally till ATH
IOC NEAR CONSOLIDATION BREAK OUT IOC
Rally - Base - Rally price action
1.First Rally, then forming Base (Consolidation) & then again expected Rally after break out of the line of least resistance.
2. Close above previous day High(172.6)
3. Close above last week High(173.7)
4. High increase in 1 month (+5.4%)
5. High increase in 3 month (+20.5%)
6. High increase in 6 month (+103.4%)
7. High increase in 12 month (+117.1%)
8. Promoter holding 51.51%
9. Pledged percentage 0.00 %
10. Change in Prom Hold 0.00%
11. FII holding 8.49 %
12. Chg in FII Hold -0.35 %
13. DII holding 10.2 %
14. Chg in DII Hold 0.33 %
15. Stock PE 5.33
16. Industry PE 7.89
17. ROCE 8.09 %
18. ROE 7.17 %
For Educational Purpose Only
IOC Outlook...I used Trend Break and Fibonacci retracement tools to discover IOC stock's recent uptrend are ready to break and find probable Resistance levels.
wait for Breakout then enter
Analysis:
Starting Point: Mentioned on the chart
Ending Point: Mentioned on the chart
Disclaimer: This is for educational purposes only. Conduct your own research and consider your risk tolerance before trading.
Bullish Breakout of On-Neck Pattern in F&O Stock on WTFA Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily 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.
IOC: CUP AND HANDLEStock has given a breakout of a Cup & Handle pattern. with neckline identified at the level of 194. The measured target for the patter is 208-210 zone.
People will copy this Hey everyone , here is my new analysis on NSE:IOC
It was in a downtrend since 3-4 years
It gave breakout took support and bouncing from the support,
we can look up to the target of 95-100 in the short term
Disclaimer- Do your own research and trade at your own risk appetite.
If you like our analysis and need more analysis with entry and exit, do mention it in the comment
IOC - Add to WatchlistIndian Oil Corporation Limited is engaged in refining business. The Company's segments include Sale of Petroleum Products, Sale of Petrochemicals and Other businesses.
TTM EPS: 17.36
TTM PE: 5.43
P/B: 1.00
Mkt Cap (Rs. Cr.): 133,022
Dividend Yield: 3.19
Sector PE: 30.01
Book Value Per Share: 94.73
Some Positives:
Strong Momentum: Price above short, medium and long term moving averages
Growth in Net Profit with increasing Profit Margin (QoQ)
Increasing profits every quarter for the past 3 quarters
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Recent Results : Growth in Operating Profit with increase in operating margins (YoY)
Some Negatives:
MFs decreased their shareholding last quarter
Inefficient use of shareholder funds - ROE declining in the last 2 years
Declining Revenue every quarter for the past 4 quarters
Declining Net Cash Flow : Companies not able to generate net cash
My Opinion: I am positive on PSU Oil and Gas.
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
#IOC: Beautiful trade set up1. Multiple reasons to go long
2. Cup & handle pattern
3. Triangle pattern
4. Reward is handsome of about 25% or so
5. Double bottom reversal pattern with neckline breakout
#IOC Looks like IOC has taken a good support at 38.2% Fibo level and is making a double bottom there on weekly charts.
Weekly RSI is still above 50, possibly giving a signal of the strength.
Pattern also looks like a CUP & Handle or a rounding bottom breakout and then a pullback in form of falling wedge.
Larger picture suggest a big rounding bottom under formation
IOC 4th wave in progressChart is self explanatory and detailed.
4th wave in progress should go to max 50% retracement line. As wave 2 was flat this could be zig zag correction.
