I used Trend Break and Fibonacci retracement tools to discover IOC stock's recent uptrend are ready to break and find probable Resistance levels.
wait for Breakout then enter
Analysis:
Starting Point: Mentioned on the chart
Ending Point: Mentioned on the chart
Disclaimer: This is for educational purposes only. Conduct your own research and consider your risk...
IOC is forming a inverted head and shoulder. Breakout can happen soon above 174 and target is its previous high.
during recent correction it perfectly took support from the previous breakout level of 150-155 zone and started rising..
keep watching for a swing long trade with RR more than 1:5.
IOC shows signs of a bullish reversal:
- Breakout of downsloping wedge pattern
- Above 50-day moving average & MACD bullish crossover
- Anticipated rally targets 200 & 220 levels
- Maintain SL below 164; hold for a few weeks.
#IOC #StockAnalysis
Apart from BPCL, IOC is also given a multiyear breakout and has taken support at the same level and formed a kind of hammer candlestick pattern in the weekly timeframe.
Bearish butterfly on weekly chart
stock is trading at premium price
short may consider if fall is continue.
r1 151 is next support
this post is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser
A Bullish Breakout of Flag and Pole pattern is visible on the Weekly 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...
The chart is self-explanatory and shared for educational purposes.
IOC stock, currently trading above its moving average, has experienced considerable volume. Furthermore, there could be a reversal from the trendline, indicating a promising buying opportunity.
It's important to note that while technical analysis can provide valuable insights, it doesn't guarantee...
Stock has given a breakout of a Cup & Handle pattern. with neckline identified at the level of 194. The measured target for the patter is 208-210 zone.
IOC: Cup & Handle Pattern
10% to 13 % upside potential
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Hey everyone , here is my new analysis on NSE:IOC
It was in a downtrend since 3-4 years
It gave breakout took support and bouncing from the support,
we can look up to the target of 95-100 in the short term
Disclaimer- Do your own research and trade at your own risk appetite.
If you like our analysis and need more analysis with entry and exit, do mention it...
Indian Oil Corporation Strong Breakout...
Strong Breakout
Good Volume..
Education Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
