Indian Oil Corp. gave a breakout on Monthly chart and may head towards 140-150 levels in some weeks. Reasons to take trade --------------------------- 1. Recent results beat estimates and net profit rose 104% 2. Breakout in trendline with huge volume on monthly chart. 3. MACD crossed Signal showing a trend reversal. 4. Crossed 20 MA & 200 MA on Monthly charts...
Here 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...
#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...
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 is ready to give Breakout. Wait for the breakout then enter. Disclaimer - Only for educational purpose.
Indian 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.
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.
IF IT BREAKS PREV DAY HIGH HUGE PROFIT WAITS IN BULLISH MOVE. IOC TENDS TO GO SIDEWAYS
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.
As 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...
IOC 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.
New high is waiting once crossed this resistance.. As it's momentum stock play
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.
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