Long Indian Oil Corp...High probability trade
IOC
NSE:IOC
Cmp - 111
Stop - Nil, Add more on relevant dips
Expectation -
T1 -128
T2 - 140, Review at 140
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
Technicals - ✅, right
Fundamentals - ✅, will follow price
View:- Swing/Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
IOC
⛽ Indian Oil Corporation LTD Swing Opportunity 🎯NSE:IOC
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 As One can see, This Pattern has Been Made on Weekly Time Frame, that's why stop loss quite big as per this time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 106.25
SL :- 101.90 (Closing Basis)
Target 1:- 110
Target 2:- 113
Target 3:- 116 and more Trailing basis
Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, ask doubts in comments below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
#MARALOVER MARALOVERMaral Overseas Ltd.
#MARALOVER
NSE:MARALOVER
NSE:MARALOVER
CMP: 87.35
Target: 125
SL: 75
RR Ratio > 3
Time Frame < 6 Months
Almost 45% return expected.
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
IOC: Chart set up IOC
Observations
- the zone of 103-106 has acted as resistance multiple times between Jan 2021 to May 2021
- reversal of role was seen in May 2021 where previous resistance was seen acting as support
- at current levels the stock is back at the important levels
- medium term up trend support (green line) is around 96 currently
Strategy: Consider buying in 2 tranches
- at current levels and have provisions to accumulate further if we see dips towards green line and that is being held
Target for the current set up 136 / 158
Time frame: Medium term to long term
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 - Long Idea - For Positional Trade Target 150Scrip Name: Indian Oil Corporation
Setup : (Weekly Breakout Strategy)
Entry - 115- 118
Stoploss - 100 (In case it reaches this price levels due to market correction, additional positions can be added).
Target 1 - 130
Target - 2 - 140
Target 3 - 150
Time Period - 3 Months
The Stock is also providing a good Dividend Yield.
Indian Oil Corp. Trend AnalysisAs we mark some trendlines and used some random indicators and in the end we have got the result that it may b give a breakout in bearish side.
if it breaks the trend line in bearish side the 1st price target will be 117.60 and 2nd price target will be 117.
if the trend breakout moves in bullish side then the 1st price target will be 119.55.
but the important part is you have to wait until it breaks the trend line pattern in bullish or bearish side. first you have to confirm the trend and then enter in the trade...
i hope my judgement is true as i am not a professional trader i am a new bee trader...
if am wrong then please let me know....
hope for the best.....
Thanks in Advance....