IOC targets for short termWhen IOC breakout above 104.50 and sustain this level
then the following targets on the chart will be successfully achieved in few sessions
support around 99.50
add more on dips
and hold it for good returns..!
IOC trade ideas
Positional View Monthly ChartsIOC above 118 on monthly charts can give a breakout till 140. Positional view 10-15 days
Long | IOCIOC has been consolidating in a parallel channel for about a year now and it is now about to give BO. It has also formed a small rounding bottom near the upper TL which is also a bullish pattern. When the Tl gets breached one can go long at 105.5 and expect to see 108.5 in the short term and even 120 levels to be tested again.
Regression Trend + Three Drives PatternImportant levels are marked on the chart along with the trade Setup.
Please Note : There are some minor deviations off the exact 0.618 and 1.272 Fibonacci extensions on A and C, and B and D respectively.
I'll shortly update this analysis for the upcoming short trade, once this works best.
Follow For More <3
Rounding Bottom patternThe stock is making a rounding bottom pattern and looks good above round number of 100
IOCIOC: Looking Good
Bullish Breakout 96
Buy Above 96 Add Until 92 Stop-Loss 90
Target 100-110-120-130-140-150+++
Positional Call
RISING WEDGE PATTERN IN IOC Rising wedge pattern identified in IOC
one can trade inside wedge range or wait for breakout either one of the side.
Indian Oil looks bullishIndian Oil got supprt from the trendline and looks gd for upside
#positional
Buy Indian Oil at 95
Tgt: 103, 110, 125+
Sl: 89
Timeframe: 1-2 months
IOC- Watch for two years of trendline breakout.IOC may break the trendline which is acting as a resistance for 2 years.
T1: 110
T2: 116
Note: This is for educational purpose only
IOC Forming Bullish uptrendIOC on hourly charts shows an uptrend tested 3 times. If breaks 96 one could look out for potential positions.
Similarly if breaks 92 a similar downlook can be expected.
IOC BOX BEAKOUT ANALYSIS 12.02.2021BUY 95 TO 92
TARGET 105
Reason For Buying This Stock :
First conformation : It have broke resistance line after the side way, And closed above the resistance line.
Second conformation : In day chart it is forming trend line and channel line formation, Now it is in bottom of the channel line, Waiting for the reversal point.
Once it has crossed 105 and it should close above 105 in weekly candle and the next target p to 120
Note :
Above this given levels are based on weekly time frame, So it will take some days to achieve the target be patience.
SHORT IOCI see Bearish Engulfing candlestick pattern on daily chart right at the supply zone ... hopping for a reversal from hear if it break the mention levels ...
IOC - Tuesday TradeIndian Oil is about to break its Trend lime coming from 2020. If sustains above trendline good for swing trade
IOC - Swing BuyPrice took support at trendline and RSI made hidden divergence and trading above 40 levels.
Disc: Not a trading recommendation. Educational purpose only.
