INDIAN OIL CORP LTD (IOC) ON WEEKLY SUPPLY ZONE New Study For Paper Trade
Indian Oil Corp LTD (IOC) ON WEEKLY SUPPLY ZONE
Ioc Equity Holder Keep Book Profit (not long term Holder) And other Can Sell Futures Or Buy Put Option
Maximum 85.80 up side ioc can go with stoploss 88 target 75-65
Study Logic
👉 Weekly Supply Zone
Only For Paper Trade And Education Purpose
Don't Real Trade
I am not sebi Registered Here Post is only for Education purpose i am not responsible for any profit and loss.
IOC
IOC: Retest of breakout done. Target 84-85 IOC
Chart setup
- Level of 73 acted as resistance between July 2022-Sept 2022
- breakout was observed in late November 2022
After a month the stock has again come back to retest 73 odd levels
If the level is with held the stock can look to propel towards 84-85 odd levels and sequentially towards 90 odd levels
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My strategy
Consider buying Jan expiry 75 Call option between 1.6-2.1
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Understanding reward potential and Risk profile
Any upside above 77 is the profit
On the downside max downside at cmp is of 1.9 points per lot
Take care & safe trading...!!!
Do let me know if you find the analysis and insights helpful.
To trade with me, Do Like and Follow for getting more trading ideas like these...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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: Chart set up suggests Buy on DipsIOC
The stock is in strong territory and has support at 73.5 / 68
Target for the current set up 79 / 84 / 90
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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 Chart set upIOC
- The stock even in a strong market condition is struggling to get past 21 day EMA
- The stock traded in yellow channel for approximately 3 months
- Now trading in the red channel zone
Target for the current set up 64.15 / 61
Be cautious if IOC closes above 68. Pattern gets invalidated if stock goes above 70.30
Take care and safe trading...!!!
Like and follow
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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 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.