New Study For Paper Trade
Indian Oil Corp LTD (IOC) ON WEEKLY SUPPLY ZONE
Ioc Equity Holder Keep Book Profit (not long term Holder) And other Can Sell Futures Or Buy Put Option
Maximum 85.80 up side ioc can go with stoploss 88 target 75-65
👉 Weekly Supply Zone
Only For Paper Trade And Education Purpose
Don't Real Trade
I am not sebi Registered...
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...
- Level of 73 acted as resistance between July 2022-Sept 2022
- breakout was observed in late November 2022
After a month the stock has again come back to retest 73 odd levels
If the level is with held the stock can look to propel towards 84-85 odd levels and sequentially towards 90 odd...
The stock is in strong territory and has support at 73.5 / 68
Target for the current set up 79 / 84 / 90
Take care & safe trading...!!!
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational...
Hey, guys here is another analysis on IOC, you can go long for the short term for the price target of 80 . But don't forget to keep a stop loss, since the market is already stretched try to maintain risk.
Do follow if you like analysis
- The stock even in a strong market condition is struggling to get past 21 day EMA
- The stock traded in yellow channel for approximately 3 months
- Now trading in the red channel zone
Target for the current set up 64.15 / 61
Be cautious if IOC closes above 68. Pattern gets invalidated if stock goes above 70.30
Take care and safe trading...!!!
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
I T IS A SHORT TERM SWING TRADE
The stock is at great support zone .
The stock has formed a bullish pennant pattern.
The first targe t is at 80 and final target is at 84 in short term swing trade.
This is for educational purpose.
Cycle repeat itself again and again. IOC is repeating same pattern in certain time period with certain number of candles +-5% error on number of candles some time.
So If you deduce the price then deduce the time as well then you will find the exact trend of price with time else you will not able to identify big moves.
SELL 110 Call and Buy 115 Call bearish call...