IOC LongIOC has reversed from crucial resistance level intra week and could not give a close above 105 level. If stock manages to give a daily close aboave 106 we can expect higher levels.
IOC trade ideas
IOC RISING CHANNEL LONG BREAKOUTIOC has given a breakout on Daily Chart with a Daily Candle close above the rising channel.
Volume is high & RSI is 73.
TGT1 = 116 & TGT2 = 149, SL = 100
Note: Only for Educational Purpose
IOC, VOLUME SUPPORT BOUNCE FROM RESISTANCE TURNED SUPPORTAll levels mentioned on chart.
Thanks
Piyush Gupta
Learn & Earn
IOC BreakoutIOC Done Resistance Line Breakout But We will wait for closing the candle above the resistance line in weekly Time Frame
Good short opportunity for IOCAs you can see in the chart, the stock price is currently at a weekly resistance (higher time frame resistances/supports are found to be very strong). I would expect a 50% pull down of the 4.94% rise up today that is to the white box marked in the chart around 107.8 region. Also to support my analysis the rsi indicator is way overbought(above the 70 line) on all the timeframes which shows a pull to the downside in the upcoming days.
Double Crossover Breakout Possible ! Dear traders , IOC can shoot like a rocket if this double trend line crossover is broken. A good breakout with volumes can make this stock multi-bagger as this is weekly chart so target levels will be high.
This chart analysis was done by me only for educational purpose. Feel free to share your feedback/queries.
IOC: Breakout on Weekly ChartIOC is showing signs of trend reversal on weekly chart....lets see if it can sustain its momentum as it crosses INR 110...SL will be any close below INR 100
INDIAN OIL looks good !!!IOC : cmp: 105.55
A rounding bottom kind of pattern has been formed in daily chart.
BO done near 105 lvl.
TGT 109.65/114.75/119.55
SL 99.25 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Indian OIL Corporation - Weekly Analysis Long Term investment Indian OIL Corporation - Weekly Analysis
Long Term investment Holding Period 3-5 Years
buy CMP 104
Add some more if get 87-90 70-74
Target 128- 149- 169- 195- 230+
SL below 40
IOC possible cup and handle pattern on support breaking trendIOC could take support on the trend line it just broke on weekly chart. It is forming a cup and handle pattern and could give a breakout in coming week, need to wait for it to form the handle and give a breakout. It is also forming an ascending wedge.
The results have also been great for IOC.
IOC moving up in a channel.Higher tops higher bottoms on a daily time frame and honoring the lower trend line despite the overall market trend.
IOC above 105.85+ rocket move possibleNew high is waiting once crossed this resistance..
As it's momentum stock play
IOC has tremendous expansion plans in coming years!NSE:IOC sits on better, cleaner and futuristic plans for 'fuel' of the next Decade.
Hydrogen and electric based fuel to various vehicles is the narrative all the Automobile based companies aim for.
Therefore companies like IOC, BHEL, BEL etc. are all stocks to hold on for a decade or two until this 'future' manifests.
IOC looking good for PositionalCan buy IOC at current levels & Hold until Targets achieved.
Target1 - Rs 116
Target2 - Rs 141-146
Target3 - Rs 164
Strong Support on lower side at Rs 96 Level.
Indian Oil Corporation - More Upside Stock has generated great volumes in past few days.
It is at a long standing trendline which if broken can bring at least 5-10% upside.
Levels are mentioned in the chart.
P.S. Wait for candle close above 105
