A 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.
NSE: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
Buy IOCat CMP 82.70 and on dips upto 82.25 T1: 86 T2: 88 SL: 81.5
Buy IOC at CMP (78.70) T1: 79.50 T2: 80.30 SL: 78
IOC 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.
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.
usoil guys kindly follow on twitter to communicate and connect better i dont stay on tradingview often
Indian Oil Corporation has given bullish divergence on weekly chart. The depth of histogram (bearish zone) is shallow via a vis previous bottom in price which made earlier. Average Direction index just moved upward (>20) in weekly chart....Further, on weekly chart stock has taken support between 122-125 in last 3 occasion. IT seems overall bullish pattern is...
HINDPETRO-VS-IOC PAIR TRADE EXECUTE THE FOLLOWING HPCL(HINDETRO) DEC FUT BUY@267.2 QTY:2100 CASH (DEL): BUY @266.25 QTY:1235 IOC DEC FUT SHORT @127.4 QTY:7000 (3500*2) !!EXECUTE BOTH TRADES!! !!STATISTICAL ARBRITRAGE!! !!HOLD FOR GAINS!! !!FOLLOW UP-FOR UPDATE!!
sl provided and must be folloowed strictly
IOC (Indian Oil Corporation Ltd) SELL BELOW 145
IOC (Indian Oil Corporation Ltd) BUY ABOVE 150
IOC (Indian Oil Corporation Ltd) BUY ABOVE 132