Range bound at IOCLNSE:IOC The major resistance is at 180. A bounce back has happened at 130 levels and is expected to go on another chance of breaking the resistance. Buy @ 135 & sell @ 180 levels.
IOCL
MRPL for 100% gainsDate: 17 Oct’24
Symbol: MRPL
Timeframe: Daily
Mangalore Refineries & Petrochemicals seems to be in final stages of Wave 4. If it goes down further from present level, 160 should hold well. Both rising volumes and divergence in RSI suggest accumulation in progress in the stock. Wave 5 can mount to around 330-340 (2X from current price of 169). I can review the target once it heads above 230 levels.
This is not a trade recommendation. Please do your own analysis.
HINGLISH VERSION
Aisa lagta hai ki Mangalore Refinery and Petrochemicals Wave 4 ke antim charan mein hain. Yadi yah vartamaan star se aur neeche jaata hai, to 160 level ko hold karna chahiye. Badhti volume aur RSI mein vichalan donon hi stock mein accumulation ka sanket dete hain. Wave 5 lagabhag 330-340 (vartamaan keemat 169 se 2 guna) tak badh sakta hai. Ek baar 230 ke star se oopar pahunch jae to main iske target ki dubara sameeksha kar sakta hoon.
Yah koi trade lene ki salah nahin hai. Kripya apna vishleshan svayan karen.
Bullish Breakout of On-Neck Pattern in F&O Stock on WTFA Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:IOC
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
IOCL Analysis!Symmetric Triangle Formation in IOCL
IOCL Daily Analysis
IOCL has made Symmetric Triangle Pattern on Daily Timeframe
Trade Initiation - Kinldy wait for Breakout / Breakdown as Symmetric Triangle is considered as Continuation pattern so after Breakout / Breakdown price may move in one direction only.
Will publish important levels in IOCL after Breakout / Breakdown .TIll then wait.
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
Long Setup in GOCL CorpA bullish flag & pole Chart Pattern Breakout completed on the Weekly Time frame of NSE:GOCLCORP
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
IOC might be wave in wave 3 | Swing TradeIOC min target 1 if breaks 91.4 with stop loss given in chart.
Stock looks to be in wave 3 with should be 100% of wave 1 and more than 100% if extended.
Disclaimer : Not an investment or trading advice. Please do your own research and analysis before putting money.
BUY WHIRLPOOL OF INDIATargets are mentioned in the chart. But for long term investing. Company financials looks good. Profit down during Covid period, now gets increasing. Coffee can stock.
IOC looking bullish (08/05/23).IOC on the weekly time frame seems to be at a prefect place for buying. The stock has given a break out of the parallel channel and is holding on the upper levels.
A nice bullish moving average crossover is there on the weekly charts, which indicates the bullishness the stock can show in coming weeks.
Stock holded the 20 ema after the break out of the moving average and gave a nice movement after a consolidation.
Buying opportunity will come on the lower levels, as it may test the parallel channel and start new bullish leg.
3 point confirmation.
1. Bullish moving average crossover (weekly).
2. Parallel channel break out and a retest.
3. Trading above both the EMAs (daily).
Support :- 81
Resistance :- 84, 93
Let the stock retest a support levels or forms a price action after the break out of 84 levels.
The support level is in confluence with the fibonnaci levels.
Wait for the price action near the levels before entering the trade.
Stock can be bought near the levels and for swing trades F&O can also be traded.
IOCLIt getting tighter and tighter in weekly time frame. Any breakout above 78.50 can give good upside.
Can expect IOCL to reverse from here.We can expect a Good reversal from current support as per the Trend lines marked.
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
IOCL Weekly ChartIOCL WEEKLY CHART
looks steady n slow rising, with R/R of 1:1 target of 127 can be seen, also this is high dividend paying company can be kept in protfolio for healthy dividend of Rs. 12 per share giving dividend yield of 11%. Views are welcome on this.
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.
Long IOC...Long term reversalIOC
CMP - 101
Stop - 85 on DCB
Expectation -
1 - 145
2 - 175, Review at 175
Expected Holding Period - 80 trading days or earlier
Ideas being shared only for educational purpose
Indian Oil Break OutIndian Oil has given a breakout (though not very convincing due to lack of a big candle) at the resistance of 94~95 level. The short term target should be 98~100. The midterm target should be 104~105 and a long term target of 115 can be thought of for patient warriors.
However, option chain analysis shows a huge no. of calls (big resistance for this month) at the level of 100 and supports based on PUTs can be identified at 90 and 85 (more PUTs at 85 as compared to 90). Let's see how it unfolds. Disclaimer: I am new to Option Chain Analysis :)
