IOC
n e w y e a r t r a d e idea will like to go long in BPCL on monday as see it as a low risk but good return kind of stock . corrected enough , possibly i might go 100 % correct
IOC Triangle BreakoutIOC has been moving in a triangle for a while. After a recent consolidation at its base and a duoble bottom, it made a big leg up to it trendline, may reverse frmo there or make a flag before breaking out to the next trendline, or making a leg down to th base again. FIB levels looks good and coincides withthe sup/resistance and Trendlines.
IOC Shall we wait for long ?Hi,
As per daily chart we can see the waves formations and it has completed 1 2 3 4 5 and A wave, for Intraday or a week you can take buy position near support zone to complete B wave as a target, but as per my view, we should avoid long at present stage and wait to complete the C and think that time.
ONGC IOC Enerrgy OversoldONGC specifically has retraced 61.8% of the rally.
Considering the energy sector rallied on Friday in US session, this is likely to bump up on Monday and likely to follow through over next couple of sessions.
165 is the short term target. Leveraged trade for adventurous ones as this is expiry week.
Purely a short term play though. Not buy and hold by any means.
IOC- Let's get Oily Hi All ,
Everything on chart. Minimum Target 435
No Naked Futures / Calls
3 strategy :
Buy April futures , Buy April 420 PUT
Buy April 420 calls , Sell april 440 or 430 calls
Buy April 420 calls 2 lots , Buy april 420 put 1 lot (Put /call combination as per ur chooice).
Note : Consult your financial adviser before investing , This is Risky .
For educational purpose /paper trade only
IOC - Up Flag PatternIOC is showing Up Flag pattern which is a Bullish pattern with a nice breakout with good volume.
Target around 470
Also MACD showing a crossover 4 candles before the breakout
(this is just for study purpose, PROs please advice)
Indian Oil - Double Breakouts It is been observed on the daily chart that the price action firstly breaks out from a big downward or zig zag consolidation and then again consolidated in a small triangle formation and now it breaks out from that too, indicating a strong bullish move ahead.
Target 1: 400
Target 2: 410
Stoploss: 380
