A 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...
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 /...
A 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...
IOC 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.
Targets 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 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...
We can expect a Good reversal from current support as per the Trend lines marked.
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...
Indian 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
I am looking IOCL for bearish mood for short term perspective...
Once it breaks 129 and sustains, 140 in next 2-3 sessions !!
IOCL 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.
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.
IOC 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 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...