IOC
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 !
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✍COMMENT Below your view !
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!
IOC | price is not moving but RSI is making HHStock is at strong support level , price is now at range and accumulation of share is must happening as volatility deceased
RSI is continuously making Higher High
Possible upside breakout will happen
targets are mentioned i.e 83
lot size = 5700
check out the other ideas as well
FOLLOW & LIKE & COMMENT
I am enjoying it by buying at 74.00.Are you enjoying too?hello guys!
I had bought this at 74.00 accordingly to my analysis.
just sharing my analysis for your help :)
fundamental results are good for this stock.
In shorter timeframe,the stock has formed a descending triangle and had breakout after it.
For confirm uptrend,you can buy at 77.40.
----------------------all the other details are given in the chart---------------------------------------
please like and comment.let me know your agreements.
IOC LongI hope you can now see how IOC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BUY signal IOC , Rectangle pattern , Trading is all about skillwill go LONG on IOC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 84
First Target - 90
Second target - 95.7
Stop loss - 82