IOC April expiry will end with 52 week high. ioc uptrend. Expected 114 by month end. Exit positions after 110. Covid lock down will not begin till completion of election.
⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕ --Buy above =102.60 or CMP --Target = 116.80 | 143.40 --Stop-loss = 84.80 --R:R =2.76 --Expected Profit = 39% --Expected Holding = 1-3 Months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕Technical Reasons to trade or Strategy...
IOC EQUITY Levels...30/03/2021 (D Candle)
Indian Oil Corporation has formed triple top and now tested the support zone thrice in last 4 months. If stock breaks 90 then aim for targets of 88.25, 87.50 & 84.50 next week On the other hand if stock bounces from support and breaks 92.50 then aim 94.70, 96.70 and 97.50 in next wekk P.S. --- This stock is not good for Intraday so consider only swing
The key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels. For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts. Happy trading.
When IOC breakout above 104.50 and sustain this level then the following targets on the chart will be successfully achieved in few sessions support around 99.50 add more on dips and hold it for good returns..!
Check the levels marked in the chart.
IOC may break the trendline which is acting as a resistance for 2 years. T1: 110 T2: 116 Note: This is for educational purpose only
IOC on hourly charts shows an uptrend tested 3 times. If breaks 96 one could look out for potential positions. Similarly if breaks 92 a similar downlook can be expected.
I see Bearish Engulfing candlestick pattern on daily chart right at the supply zone ... hopping for a reversal from hear if it break the mention levels ...
Indian Oil is about to break its Trend lime coming from 2020. If sustains above trendline good for swing trade
Price took support at trendline and RSI made hidden divergence and trading above 40 levels. Disc: Not a trading recommendation. Educational purpose only.
Mark the levels or zones in the chart !
IOC has formed a nice inverted cup & handle formation in 15m TF. Trade b/w the channel or watch out for breakout. Possible short with TP 96.50 PS. For educational purpose only!
The company is moving from a high debt commodity single product manufacturer to a debt free diversified business. Business transformations take a while and stock has re rate from a PE of 3 to mid teens in a few months. It’s a slow process, you should not expect the stock to keep climbing like it has. That’s not normal Entry After Breakout and then Again re-enter...