IOC - Bullish BreakoutNote: This is for educational purpose only.
There is a huge surge in volume in IOC and there seems to be a descending triangle breakout. RSI has moved above which seems to be a bullish momentum.
IOC
IOC @ 86/-IOC long should be considered only above 92. This stock has enough breathed in the range of 72 to 92. Ideally we can look to build long position. But build only above 92/-
Synergistic Pattern: Advance (W+Flag) + MA 100 + Trend-lineLevels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
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Early entry: 88
SL: 85
Target: 95
RR: 2.33
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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INDIAN OIL (IOC) Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
IOC - Inverse Head & Shoulder patternNote: This is for educational purpose only.
IOC seems to have made an Inverse Head & Shoulder pattern.
IOC - 15%+ upsideVery nice breakout. May pullback to resistance level before zooming till 110.
Buy close to resistance.
#ONGC #TRADE #INVEST #NSE #NIFTY #BANKNIFTY #PETROL #OIL #IOCTargets assigned
LONG TERM HOLDING SUGGESTED
SL 85
Swing trade for Indian Oil Corp.Go long if it sustains the level @(81-82) for the targets of (89.5-92.5) / (96-99.5) / (103/106)
IOC BUY Above 76 , target 79/82/86 ( Not Intraday ) IOC BUY Above 76 , target 79/82/86 ( Not Intraday )
India Oil Chart Setup & Trade !!TREND ANALYSIS & TRADE SETUP
Wave Analysis & Chart Pattern .
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 8-12 times.
IOC CUP & HANDLEA Cup and Handle pattern can be seen on daily and 4hr chart of IOC. Break above the neckline of this can begin a new uptrend.
IOC AGAIN IN CHANNELNSE:IOC
IOC AGAIN IN CHANNEL THE PRICES TO WATCH ARE 74 -95
THE PRICE NEEDS TO BREAK 95 LEVEL TO GET IN TO THE UP TREND
FOR SHORT TIME WE CAN SEE A CORRECTION IN THIS
IOC buy setup - Tiny risky huge rewardBuy IOCat CMP 82.70 and on dips upto 82.25
T1: 86
T2: 88
SL: 81.5
Indian oil, IOC ShortIOC is in a clear downtrend which gave us a nice bounce to the Kijun sen / 0.5 fib level followed by 2 days of rejection. Will be shorting the futures lot of feb 2020.
Short 115.45
Sl = 118.30
Target 1 = 109 , RR = 2.26
Target 2 = Open and trail with daily heiken ashi candles if trade works out in our favor.
IOC Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 3-5 times.
