IOC rallied to a key resistance area I shared the 4 hour chart so that you can identify the area. Zoom into the picture to get a perfect visual!
IOC is showing a flag pattern after recovering from lows of 72 to 94 price levels, has been in consolidation mode for past 40 odd days. On friday the stock gave a breakout on MACD indicator and most probably might give a break above 88 levels tomorrow. I am looking for a gap-up open tomorrow above 88 levels for target of 96 & 106 for this expiry. Keep a watch on...
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
IOC has breached falling trendline after positive RSI divergence . At the same time RSC is trending up with cross over. Buy can be done at 85 and 83 with stop loss below 81 for target of 93-97
Note: 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.
pure price action with support and resistance
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/-
Levels 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. Kindly like & share this pattern. Comment with what do you think. Follow me @ tradingview for more updates!!! Early entry: 88 SL: 85 Target: 95 RR: 2.33 Thank you. Happy Trading!!! Best...
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Note: This is for educational purpose only. IOC seems to have made an Inverse Head & Shoulder pattern.
Very nice breakout. May pullback to resistance level before zooming till 110. Buy close to resistance.
Targets assigned LONG TERM HOLDING SUGGESTED SL 85
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 )
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 looks weak Short at CMP till 82.5. SL- 85 T- 77