IOC trade ideas
IOC can be bought over 77.60 Bullish Bowl pattern on hourlyIf the price breaks out and above 77.60 IOC can be super bullish.
Tight stop loss shall be however maintained and trailed.
BUY signal IOC , Rectangle pattern , Trading is all about skillwill go LONG on IOC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 84
First Target - 90
Second target - 95.7
Stop loss - 82
[Buddha] IOC Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
IOC to break below 74Indian Oil Corp. To break before 74. It has a strong support at 74.40 and if it breaks, it would have successfully broken the support after multiple tries.
Sell below 74. Target at 70. Stop loss at 76.
NSE:IOC
Indian Oil Corporation Long @ Rs. 88 Long term holdingBSE:IOC
Entry 88
Target 122
SL 78
Indian Oil Corporation is trading at demand zone which is strongly supported by monthly zone also.
Long in equity cash segment, buy and hold equity for long term duration of 6 Months.
IOC may break out from the 75 levelsIOC is trading at record low level and the oil demand is good nearing the pre covid levels. The 1 h, 30 m , 15m charts shows a tight triangle range. This triangle's upside 75 may be broken and it may trade in 77 levels.
IOCIOC is making double bottom pattern.support available at 71 level.it may show good bounce back with Stop loss 70.
IOC LONG COUNTER TREND TRADEIOC IN WEEKLY DEMAND ZONE, GIVING AN OPPORTUNITY TO GO LONG. ITS AN AGGRSSIVE ,COUNTER TREND TRADE. ITS FOR EDU PURPOSE ONLY
How to Get out form error trade without causing loss In Market when your analysis Goes wrong many geos in to Panic , few take voluntary stops and few hedge with Options and try to save them self
the Question is do professional do errors ? The answer is very Much Yes , we do make mistakes , We do take wrong trades ,
Then the Question is what is the Professional response or approach for such errors ??
An Guided method , A method which has higher success ration , a Method which has Rules and Guidelines
You can view the chart explained here with
we made error in Judging the IOC and now we are in Negative MTM , tats ok , then we made deep analysis and found the error was with our own misunderstand
so now we have to get out without losing single penny , How do we do it ??
We use the same theory and cross verify with Market movements , we use the alternative counts and get the confirmation that we are
wrong , then the same theory will guide you what is coming next , and any Opportunity of pull back as per wave theory is point where we do exit
our holdings ,
I have made an visual representation ,
this was one of the biggest challenge with my students when they ware taking trade in early learning stages , Later with Maturity they took confidence in methods and guidelines of wave theory
here also i have received many Message asking when to get out , very recently One Person was asking about HAL and ISCE which he was stuck form IPO since 2018 , the answer is simple when you see the price visits the same level of your buy or sell take an exit
Hope this will help you to take decisions during errors or which you feel you have done errors
Good luck
IOC - Sell at 84NSE:IOC
Huge supply at 84.
Targets - 78,75,72.
Be Calm and Let price come to you :) Don't ever chase price.
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
IOC - BULLISH - INVERTED HEAD & SHOULDERS PATTERNPlease use these entries as breakout points. And Do not trade when a gap up or down occures.
Entry : 83.50
Target : Trailing Stop loss
Stop loss : 83
This is not a recommendation. This is for educational purpose only.
Consider all risks possible with stock market.
Thank you
Have a nice day
Happy Trading!!
