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IOC

#BPCL #HINDPETRO #IOC #OIL #ONGC #PETRONET #PETROL #BITCOIN #NSE#BPCL Bharat Petroleum Corporation Limited. CMP: 399 TARGET: 436 // 478 G-O-I undertaken stock is in limelight, BPCL. As the state run petroleum company plans for divestment, there is going to be a lot of opportunities for retail investors and traders. Govt. plans to sell off almost 53% stake from the company and it receives MULTIPLE bids. Stock is expected to have a strong valuation and would be expensive from the current rates. There are various reasons to invest in this stock. 1. Trend Analysis: The stocks is in pace to reach highs. Running in uptrend, climbing ladders, step-by-step. Steadier and stronger with each end of the day prices. 2. Fibonacci Retracement: Retracing from 50% levels to make higher highs. Supports acting strong and giving a better push upside again and again. 3. Moving Averages: All the moving averages running alongside. All the bigger moving averages below the prices gives the candle more strength to be firm and erect. Bears fears. Prices fear to fall. 4. Pattern: Prices are making higher lows to show the pictorial representation of price trend. Making a Bullish Wedge kind of pattern with periodic time span. 5. Volume: Extremely large volume trading has been encountered in the stock. The huge Volume is representation of higher investors' money flowing in towards the stock. The huge Volume candles along with huge BULLISH Price Candles represent the strength of BULLS. 6. Momentum: The stock being in news, a large number of traders rush towards it and make various analysis to get the intrinsic value. The higher the bidding value, the higher is the price. The bids create excess of demand for the stock and thus price moves upside. The stock has just got the momentum. A rally is expected soon. 7. Strong Bull and Weak Bear: The Bullish candles are mightier and look like "katana". Big Bull candles show the presence of demand over and above supply, and thus a potential for upside. On the contrary, the bear candles are small and of less volume. Explaining the distribution and consolidation of previously purchased shares. Go ahead with the stock, with a limited down side risk. SL: 385 RR Ratio: 1:2 // 1:5 If you like my work, kindly LIKE the post, SHARE it with your friends and family, and FOLLOW the page to get free stock recommendations frequently. Thankyou!
NSE:BPCLLong
by Rachit_Sethia
Indian Oil Break OutIndian Oil has given a breakout (though not very convincing due to lack of a big candle) at the resistance of 94~95 level. The short term target should be 98~100. The midterm target should be 104~105 and a long term target of 115 can be thought of for patient warriors. However, option chain analysis shows a huge no. of calls (big resistance for this month) at the level of 100 and supports based on PUTs can be identified at 90 and 85 (more PUTs at 85 as compared to 90). Let's see how it unfolds. Disclaimer: I am new to Option Chain Analysis :)
NSE:IOCLong
by arunkrmishra2000
1
IOC | Ascending Triangle & BREAKOUT Swing Trading opportunity ! 30min Chart Alert !!! --Buy above =92.30 --Target = 95.40 and even more --Stop-loss = 91.05 --Lot Size = 5700 --R:R = 1.84 --Expected Profit = 16,000 ₹ per lot ( 4.50% ) Technical Reasons to trade :- 🧢 1) ioc has formed ascsending triangle 2) Volume is good at the time of breakout 3) multitime frame is bullish 4) target is based on resistance zone 5) retracement can happen Guys check out the related ideas as well, it will worked really well ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:IOCLong
by ReviveTraders
IOC brilliant chart for medium termMultiple things to note on this chart. 1. The stock formed a good base at 71-72 levels. Tested twice and the levels acted as a good support. In the chart this is indicated by the black line drawn at support. 2. The stock then formed higher highs and higher lows indicating that the stock is in an uptrend. This happened for almost 6-7 weeks. 3. Now, historical data shows that the support had previously taken very strong support at 83-84 levels. It tried to break these levels on almost 4 occasions (weeks) but failed. Also, we know that a support line then acts like a resistance. Indicated by red trendline. Can it break this resistance of 83-84 levels this coming week? Some of you might say that it has already broken the resistance on weekly close but the volumes don't look convincing to me so I would wait for another session and see how the formations are on a daily chart. Trade idea: If the resistance is decisively broken, go long in IOC with levels up to 90 (first) and 96 (second) as Targets. Please look at the "related idea". I had given an idea on IOC and that was very successful. Please give me a like and follow. Cheers!
NSE:IOCLong
by sankatradesindia