Rounding bottom neckline [R:R 1:3]The charts analyse support & resistance and rounding bottom pattern.
Entry Rs.119.5
SL Rs 116
Target Rs 130
R:R 1:3
IOC trade ideas
IOC: BULLISHIOC BULLISH
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
IOCThis is my personal view on this script. Please consult your financial advisor before going into any trade.
Indian Oil Corp. Trend AnalysisAs we mark some trendlines and used some random indicators and in the end we have got the result that it may b give a breakout in bearish side.
if it breaks the trend line in bearish side the 1st price target will be 117.60 and 2nd price target will be 117.
if the trend breakout moves in bullish side then the 1st price target will be 119.55.
but the important part is you have to wait until it breaks the trend line pattern in bullish or bearish side. first you have to confirm the trend and then enter in the trade...
i hope my judgement is true as i am not a professional trader i am a new bee trader...
if am wrong then please let me know....
hope for the best.....
Thanks in Advance....
Cup and Handle pattern in IOCCup and handle pattern is formed in IOC daily and weekly time frame chart pattern waits for a clean breakout and then takes a long position.
Disclaimer:- This is only for educational purposes please do your own analysis before investing hard-earned money.
IOCStock is trying to sustain above its supply zone.
Likely to move towards next zone around 127
and then an eventual move towards 146
Cup and Handle in IOCCup and Handle formation in IOC on daily time frame. Lets wait for the break out
Near targetToday Intraday trade stock touch -2% today.
Upcoming days hold positional trade for target 113.
IOCSimple Technical explanation! Price near previous peak support along with RSI testing oversold level. Expecting a bounce in prices to end expiry above 110!
IOC Upcoming SessionIoc created successfully cup and in upcoming session it will be create a Handle of the pattern.
Now can be short for a few sessions, after it will move up side.
Ioc moving toward 100% returnIoc broked weekly resistance in daiy TF if weekly cloi above 119/- then 1st target 169/-
2 nd 151/- then can go further 200/-
IOC is ready for weekly breakoutWeekly breakout is about to happen. There is potential upside breakout on weekly chart
IOC long view for 3 months with stop loss of 80 and target - 150IOC long view for 3 months with stop loss of 80 and target - 150
