Short IOC between 370-368 T1: 325 SL: 386
IOC LOOKS DOWNTREND 365 - 350 RANGE CLOSING ABOVE 430 WILL SEE POSTIVE TREND LEARN & EARN WITH SIMPLE STRATEGY WITH THINK PROFIT ACADEMY
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 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 is back on testing the long support line. Awaiting a breakout/reversal.
Short IOC between 405-412 T1: 394 T2: 380 T3: 370 SL: 425
IOC is respecting the neckline for six months now. currently in breakdown /reversal zone.
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 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.