IOC
ONGC Ready For 40% - Multi Year BrekoutHere is the detail analysis of ONGC . Its a buy candidate . Stock is ready for uptrend after the multi year resistance has been taken our. We are just using ripple to enter early.
Buy - Above 124
SL- 110
Target - 138 150 160 175
Duration- 6 months and above
But Swing Traders can take advantage by catching the early targets mentioned.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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#ONGC #TIDEWATER #OIL #IOC #HINDPETRO #BPCL #DIESEL #PETROL #IT#ONGC
NSE: ONGC
CMP 117.60
Target 130+
Time frame < 2 months
Factors:
Petroleum sector booming
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
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 130 in longer time.
PEER COMPARISONS:
NSE: ONGC
NSE: TIDEWATER
NSE: IOC
NSE: OIL
NSE: HINDPETRO
NSE: BPCL
NSE: PETRONET
NSE: SUPPETRO
NSE: CHENNPETRO
NSE: RELIANCE
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With 💚 from Rachit Sethia
2 or 3 days and will have a perfect chance to go long.According to the MACD, it seems like a slight chance of a bearish situation in this week only and then bullish moment will show-up.
IOC- NEUTRALIOC is ready to give Breakout. Wait for the breakout then enter.
Disclaimer - Only for educational purpose.
IOC 1d time frameIndian oil corp has given a breakout on its trend and it looks good to go long. What do you see?
Trade wisely...
Disclaimer: This is just for educational purposes.
Breakout in Indian Oil Corporation...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IOC multiple patterns.IOC looks bullish for a Swing . CMP-RS. 111 , Prediction through analysis - RS.130-135.
Reasons-
1) Great quarterly results.
2) Cup with handle chart pattern.
3) Resistance breakout .
Ps- I am not SEBI registered. This is for educational purpose only. I would love your view.
Good short opportunity for IOCAs you can see in the chart, the stock price is currently at a weekly resistance (higher time frame resistances/supports are found to be very strong). I would expect a 50% pull down of the 4.94% rise up today that is to the white box marked in the chart around 107.8 region. Also to support my analysis the rsi indicator is way overbought(above the 70 line) on all the timeframes which shows a pull to the downside in the upcoming days.
IOC possible cup and handle pattern on support breaking trendIOC could take support on the trend line it just broke on weekly chart. It is forming a cup and handle pattern and could give a breakout in coming week, need to wait for it to form the handle and give a breakout. It is also forming an ascending wedge.
The results have also been great for IOC.
IOC above 105.85+ rocket move possibleNew high is waiting once crossed this resistance..
As it's momentum stock play
IOC has tremendous expansion plans in coming years!NSE:IOC sits on better, cleaner and futuristic plans for 'fuel' of the next Decade.
Hydrogen and electric based fuel to various vehicles is the narrative all the Automobile based companies aim for.
Therefore companies like IOC, BHEL, BEL etc. are all stocks to hold on for a decade or two until this 'future' manifests.
Indian Oil Corporation - More Upside Stock has generated great volumes in past few days.
It is at a long standing trendline which if broken can bring at least 5-10% upside.
Levels are mentioned in the chart.
P.S. Wait for candle close above 105
IOC BUY IF IT HOLDS 106 TILL WEEKENDBREAKOUT IN IOC.
BUY IF IT HOLDS 106 TILL THURSDAY.
115 TO 121 CAN BE EXPECTED FOR SHORT TERM.
IOC Multi Year trendline breakoutVery good opportunity, Conservative players can Keep Sl at breakout Candle low..
Anyways don't miss this opportunity.
Poor Guy -IOCIt seems this stock is preparing for CA -Failing again and again 🤣🤣(unable to surpass the lvl of 105-107.....New investors don't get trapped here at this lvl... Go long only on sustained closing above 108 for Target 120 and more)
I
Note- This is my personal view point based on simple demand and supply function
Do like, Share and comment if you have any suggestion/query regarding this analysis
IOC is Going to hit upper limit after a Year!!After a year, IOC breaks 3 digits levels, and this time, if it holds resistance at 101 then the coming week target, will be achieved of Rs 116 with stop loss for short-term traders @98.. But if your view long term then no stop loss and also :
1. Last two trading include today- the big volume of trade was executive and last time such volume was there then it gives 10% rally.
2. On 18 may 2021 board meeting and results will be declared. Current scenario good dividend and results will be expected.
Note - It may rally down in the next two sessions due to the current scenario of covid and nifty break support but advise to buy on every dip for a long-term scenario.
IOC quant box broken- short-term buyIOC has broken my quant box. Now one can sit on buy above 89.15 for the target of 91.55/94/96.55 with an SL of 86.65
