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INDIAN OIL CORPORATION LTD.INDIAN OIL CORPORATION LTD.INDIAN OIL CORPORATION LTD.

INDIAN OIL CORPORATION LTD.

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IOC trade ideas

⛽ Indian Oil Corporation LTD Swing Opportunity 🎯NSE:IOC 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 As One can see, This Pattern has Been Made on Weekly Time Frame, that's why stop loss quite big as per this time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis. (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 106.25 SL :- 101.90 (Closing Basis) Target 1:- 110 Target 2:- 113 Target 3:- 116 and more Trailing basis Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, ask doubts in comments below. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:IOCLong
by linesandlevels
#RetestIoc has broken its downtrend of 2017 and has given a breakout at 115-117 levels. It is now currently testing the breakout level. Entering at current levels provides a good Risk: Reward. Stoploss can be placed at 114 (daily close) for short-term trading perspective with a Target of 140. Wile with a deeper Sl of 102( weekly close) one can stay invested for targets of 170 and 230 kinds of levels. Disclaimer: Not a SEBI registered Advisor. Consult your Financial Advisor before taking any trade.
NSE:IOCLong
by Yogesh_Agarwal_
Chart of the Week 18/9/21. IOCIOC has given cup and handle breakout on weekly charts. After Covid fall the stock has been trading in a range visible by blue lines. The stock has taken resistance at 116 and after few weeks consolidation and around 10% correction, stock has finally given breakout at 118. Next targets for this stock would be 170 and 225. It is a very good techno-Funda stock with very low P/E ratio and extremely well dividend record. Therefore, it a worth of an investment. View - Medium term Time - 6 Months to 1 year.
NSE:IOCLong
by AbNamjoshi
Cup and handle formationThe stock has clear resistance from 117 to 121. It has tried to breach this resistance, however, we can see a big selling. Now the stock is possibly making a cup and handle formation . Price change from the bottom of the cup to the top of the cup is around 45 Rs. If it able to breach the resistace of 118, we can expect up move of 45 Rs from the top of the handle which is coming around 160 Rs. Investors with medium to long term plan should start accumulating this share from this point onward as it is creating a base and a strong support at current levels. Investors should accumulate the stock in each dip until the levels of 120 for very good returns. SL - 90 Weekly basis.
NSE:IOCEducation
by AbNamjoshi
IOC: Chart set up IOC Observations - the zone of 103-106 has acted as resistance multiple times between Jan 2021 to May 2021 - reversal of role was seen in May 2021 where previous resistance was seen acting as support - at current levels the stock is back at the important levels - medium term up trend support (green line) is around 96 currently Strategy: Consider buying in 2 tranches - at current levels and have provisions to accumulate further if we see dips towards green line and that is being held Target for the current set up 136 / 158 Time frame: Medium term to long term Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:IOCLong
by indiamarketoutlook
3