IOC
IOC Price cycle patternCycle repeat itself again and again. IOC is repeating same pattern in certain time period with certain number of candles +-5% error on number of candles some time.
So If you deduce the price then deduce the time as well then you will find the exact trend of price with time else you will not able to identify big moves.
SELL 110 Call and Buy 115 Call bearish call spread
Else create bearish put butterfly
YR 2022 Idea #25: Long on IOC This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
IOCL (Detailed Analysis)IOCL (Weekly):
1. On Trendline Support
2. Forming a Symmetrical Triangle
3. Can go Long only after Breakout
IOCL (Daily):
1. Penant within a Symmetrical triangle is formed
2. Last candle closed below 5, 13 Days Exponential Moving Average
Addl Points:
1. FII/FPI have increased holdings from 7.21% to 7.94% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 3.92% to 3.38% in Dec 2021 qtr
Note:
The above analysis is just for educational purpose.
Indian Oil Corporation Ltd - 11.02.2022Indian Oil Corporation Ltd - 11.02.2022
The stock is trading @ 122 levels
There is a HAMMER in Weekly Charts
There is a ENGULFING BULL in Daily Charts
There is a DOJI in Hourly Charts
RSI is 53 in Weekly Charts
The prices are at EMA
Let the prices go above 124.60; one can initiate a BUY position with Support @ 117.15
Watch out for the price action
IOC Long Trade With Proper ReasoningHi
So here we are again so we will again long Indian Oil Corporation with amazing Risk Reward Ratio. And It will also provide dividend of Rs.4 with Ex date of 9th Febuary. So I will recommend buying or if you already bought it then please don't sell it. Thanks and make sure to follow and like the post.
Bye
IOC: Chart set up, Result, Dividend and important levelsIOC
Last time when the stock was at 117, we had given a Buy for IOC with target of 126 / 132
The stock retraced exactly from 126 odd levels and is now taking support at 50 day EMA sub 120 odd levels
The stock is showing signs of strength and may be poised for it's 2nd target of 132 and could possibly even test the highs of 141 in medium term
Above 142, Doors would open up further for target of 166 / 172 in Longer term
200 day EMA support is at 114 odd levels
Note: Result is on Jan 31, 2022 and there is a possibility of Dividend announcement.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
IOC : Indian Oil Corporation Ltd. BuyIndian Oil Corp. Ltd is India's flagship national oil company and downstream petroleum major.
CMP: 123.30
Target: 132-135+
Now on near support 121.30 it may retraced as per cup and handle strategy. and go for up to 132 to 135 . also given day breakout on neckline.
Right time to buy.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
IOC At Major Resistance - If broken it will FLY 1DNSE:IOC is at very major resistance zone of a trendline which it had broken on 15 Dec, 2021. now it feels like it is taking a retest from here for a big downtrend continuation. if retest will pass then we can see a major downtrend or it will greak the record high if this trendline is broken on retest failure. Currently my views are bullish for it. will Go long above 123 on candle closing.