IOC - retesting BO levelQ result- 3 fold raise.
analysis on chart.
COmment ur view for my improvement.
IOC trade ideas
IOC Buying strategyBuy Above Green Line closing basis above 110.50 tgt 117-120-130++
Keep Sl of 105.35 closing basis
Happy Trading
May go long!High chances that stock may reverse from current levels for a new Higher High. Enter at CMP with SL below 100 for target 120/125.
IOC Swing Long IOC has retraced 50% and at resistance became support level. Can long on reversal near 100-105 for 120-130-140 with SL 90.
IOCL : Resistance to Support ConversionThis zone was resistance where the price was not able to break it at several instances. However, once the price broke and created a new high the stock is retracing to the same resistance zone which can now act as a SUPPORT.
Watch out for IOCL tomorrow.
If i can't trade then why people can't? OIL ON BOIL.If it pases that channel then short there but with a stoploss coz we are in uptrend and we know that increase in prices and taxes of fuel will be having strong Q1 results.
So jf this price crack doesn't happen then buy for the upside 🤑.
Gain 10% in IOC after this video - MULTI TIME FRAME analysisWhat I see in IOC Would love to share my views with you all :
_ I see that the price was getting rejected from the same trendline on weekly basis for quite a while now
and recently broken with 4 bullish green candles on W charts
_ I see that the zone of 102 to 106 is a strong supply-demand conversion zone, which means it can sometimes work as
demand and sometimes supply zones
_ For now it has broken that supply zone and gone up by 17%, now it is retracing its move, for that we have fibo
tool to understand where it is in terms of retracement
_ I see that the price resides on 0.3 fib retracements and also on supply-demand conversion zone of 105 levels
which will act as demand/support for the price
_ I also see that in 1hr time frame it is making a good trendline which needs a breakout
_ A breakout as depicted in the video if given then it might boom for 113 levels and 117 levels
Trade levels :
Breakout of small trendline needed above the 107 marks ( on 1hr TF )
SL should be self kept as its a self-owned thing ( I might keep it below the swing )
Targets should be set at least larger than the SL and logical too ( 113 is good resistance and 117 is near term high )
___ Have a nice trading-day :) ___
IOC near support zone, simple price actionIOC chart is now near the support zone (previous resistance should now act as support). This chart is only for educational purpose and is based only on price action.
IOC LEVELS FOR THIS WEEK | ASCENDING TRIANGLE BREAKOUTBASED ON THE THEORY IOCL WILL RE TEST ITS ALL TIME HIGH ONCE AGAIN
IOC at support. Buying August Futures at CMP and Buying ATM PUT to hedge the positions. Expecting target of 126+
IOC SWING IDEA GOOD SWING OPPORTUNITY COMING IN IOC ON HIGHER TIME FRAME
RISK REWARD 1:4
DO YOUR OWN ANLYSIS BEFORE PLACING THE TRADE
KEEP BOOKING PROFIT ON RALLY AND ADDINNG POSITIONS ON PULL BACKS\
KEEP TRAILING STOPLOSS
Indian Oil Corp - Swing TradeBreakout of long term Resistance trendline. With Good Volume amount.
Good to Buy on my POV for Tgt of ₹ 120.
On 1 Hour Time frame already have 50-200 moving average crossover and good support on daily time frame also.
IOC | Nice retracement after swing high breakout (Dow theory)IOC | Nice retracement after Swing High breakout (Dow theory)
CMP : 106
SL : 98
Target : 150, 160
P.S : I'm taking it for long time, allocated a small capital. Unless SL is hit i'm planning to hold for 1-2 years
IOC BULLISH STRUCTUREENTRY - Above 108.50
SL - 103 ( Closing basis)
TARGET - 117,121,148++
RISK/REWARD - 1:6+
Above analysis is for study purpose..
Like and comment to encourage me..
