IOC: CUP AND HANDLEStock has given a breakout of a Cup & Handle pattern. with neckline identified at the level of 194. The measured target for the patter is 208-210 zone.
IOC
People will copy this Hey everyone , here is my new analysis on NSE:IOC
It was in a downtrend since 3-4 years
It gave breakout took support and bouncing from the support,
we can look up to the target of 95-100 in the short term
Disclaimer- Do your own research and trade at your own risk appetite.
If you like our analysis and need more analysis with entry and exit, do mention it in the comment
IOC - Add to WatchlistIndian Oil Corporation Limited is engaged in refining business. The Company's segments include Sale of Petroleum Products, Sale of Petrochemicals and Other businesses.
TTM EPS: 17.36
TTM PE: 5.43
P/B: 1.00
Mkt Cap (Rs. Cr.): 133,022
Dividend Yield: 3.19
Sector PE: 30.01
Book Value Per Share: 94.73
Some Positives:
Strong Momentum: Price above short, medium and long term moving averages
Growth in Net Profit with increasing Profit Margin (QoQ)
Increasing profits every quarter for the past 3 quarters
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Recent Results : Growth in Operating Profit with increase in operating margins (YoY)
Some Negatives:
MFs decreased their shareholding last quarter
Inefficient use of shareholder funds - ROE declining in the last 2 years
Declining Revenue every quarter for the past 4 quarters
Declining Net Cash Flow : Companies not able to generate net cash
My Opinion: I am positive on PSU Oil and Gas.
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
#IOC: Beautiful trade set up1. Multiple reasons to go long
2. Cup & handle pattern
3. Triangle pattern
4. Reward is handsome of about 25% or so
5. Double bottom reversal pattern with neckline breakout
#IOC Looks like IOC has taken a good support at 38.2% Fibo level and is making a double bottom there on weekly charts.
Weekly RSI is still above 50, possibly giving a signal of the strength.
Pattern also looks like a CUP & Handle or a rounding bottom breakout and then a pullback in form of falling wedge.
Larger picture suggest a big rounding bottom under formation
IOC 4th wave in progressChart is self explanatory and detailed.
4th wave in progress should go to max 50% retracement line. As wave 2 was flat this could be zig zag correction.
IOC | Investment Pick📊 Details
Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI that has business interests straddling the entire hydrocarbon value chain - from Refining, Pipeline transportation and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has the leadership position in the Oil refining & petroleum marketing sector of India.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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IOC - 33% RETURNS ON OIL?BUY - IOC
CMP - Rs. 80
Target - 1: Rs. 93
Target - 2: Rs. 107
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Technicals - 1) Cup and Handle Pattern
2) Targets set using Gann
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Comment: Maximum returns is 33%
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IOC longInverted Head and shoulder pattern in IOC
Lets see what happens next.
Looks like its gaining back its og value.
Levels are marked. New hights soon.
IOCENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Buy RelianceTarget : 3000
Long on reliance industries for medium term gains.
Stocks can be bought for this price.
2800 first target.
IOC - CASHThere can be a breakout coming on daily chart of IOC. As the stock trying to break resistance of 80.85-81.15
We can create a long position and expect a target of 85-86 with a stop loss at 80.50-80.30
IOC looking bullish (08/05/23).IOC on the weekly time frame seems to be at a prefect place for buying. The stock has given a break out of the parallel channel and is holding on the upper levels.
A nice bullish moving average crossover is there on the weekly charts, which indicates the bullishness the stock can show in coming weeks.
Stock holded the 20 ema after the break out of the moving average and gave a nice movement after a consolidation.
Buying opportunity will come on the lower levels, as it may test the parallel channel and start new bullish leg.
3 point confirmation.
1. Bullish moving average crossover (weekly).
2. Parallel channel break out and a retest.
3. Trading above both the EMAs (daily).
Support :- 81
Resistance :- 84, 93
Let the stock retest a support levels or forms a price action after the break out of 84 levels.
The support level is in confluence with the fibonnaci levels.
Wait for the price action near the levels before entering the trade.
Stock can be bought near the levels and for swing trades F&O can also be traded.
IOCIOC has taken multiple support and resistance between 68 and 73 range.
This could be a good range to trade short term
IOC High divided stock market or break in 1W tfIOC is having strong resistance in weekly timeframe, giving a breakout would lead to good bounce for short term.
IOC bullish patternIOC analysis every thing memtion on chart
NOTE: THIS IS FOR EDUCATION PURPOSE ONLY DO UR OWN RESEARCH BEFORE MAKING ANY INVESTMENT
IOC BreakoutIOC Breakout upper side.
81 level Little hurdel.
If crossed & sustains it for 2 days..
Expecting Target : 84, 81
IOC @ 79 Analysis on 11-Feb-2023IOC @ 79 Analysis on 11-Feb-2023
As long as 47 holds support, we will see 95 and further 122-138, 195, 229-250, 286-306, 342, 390, 430-455.
Long in IOCAfter giving trendline breakout IOC came for resting exactly reversed from golden rotio 0.618 above 80.75 it can go 81.25/ 84++
ioc ioc INDIAN OIL CORPORATION LTD
(swing Trading special buy 76rs (condition :- 0.50 % tuch then buy )
Target :- 82 to 85
sl;70
