IOC trade ideas
IOC is Trading in channel - Preferably 2 Months Time periodBullish on IOC, can be traded with Sep/Oct Fut
Long RISK/REWARDS are mentioned in chart with ratio of 2.78
Target - 90.5, 95.35
SL 82.3
IOC - Intraday trade for 7th of SeptemberIOC is testing lowe levels of its daily time frame keep an eye on the following levels:-
.
83.55 - below which is the Selling Zone (immediate selling might happen)
if fall
Target 1 : 82.40
.
84.65 - above is the buying zone wait till it closes above it
if rise
Target 1 : 85.65
.
testing levels:- Might test levels of 85.65 which is a resistance zone in the daily chart, and fall again.
.
Max profit to be booked: 2% change in either direction.
IOC looks bullish in rising pennat pattern so look for buying Looks bullish pattern and looks volume also good . You can pick the trade if you have seen any higher high formations
IOC 15 Mins - Support ZoneIOC can see a bounce from the support zone. Can touch 89-91 levels in short term. This is my point of view and I am sharing it only for educational purpose. Its not a recommendation for anyone to trade as per these levels.
IOC short term setupIOC is looking weak, in terms of price and volume correlation. It was consolidating in a range and then gave a break out of the range on 19th August. The volumes, then, were above the 100 DMA, suggesting some sort of strength from the buyers. After that breakout, price did continue to move higher, and volumes did expand as the price moved higher. But in the last 2-3 sessions, there have been various strong signs of sellers entering IOC, in form of bearish candles on back of volume expansion. This volume expansion has been more than the volume expansion during the bullish phase, suggesting supply is greater than demand. I will personally wait for more confirmation, such as bearish engulfing candle on back of volumes, to initiate any type of short trade. Another confirmation is the break of the upward trendline, marked with the callout box. Another decisive level is 90.5. There have been signs of supply near this level, as price has reversed from the level many times. If this level is broken with strength, then this would be a sign of supply being absorbed by buyers that are stronger than the sellers. If this were to happen before the trendline is broken, then the short trade setup should be cancelled, and the trend will continue to be bullish. Upside target would be 94.85 and downside target is 84.85. Risk should be managed according to your personal risk appetite.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefull!
Hope I can help you become a profitable trader!
Grateful!🙏
IOC - Breakout - Cup and Handle pattern IOC has broken above from a cup and handle pattern on 15 mins time frame.
Initiate long.
Target : 88.20
Stop Loss : 86.35
Moving in a channel - Keep a watchStock is moving in a channel.
Currently at support / lower end of channel. As this level have been tested multiple times, might break and give a short opportunity !
However, a good bullish signal / candle might also give a good long opportunity + good R::R!
Worth keeping a watch!
Note: Stock is in downtrend from last 2 years!!
IOC - TAKING SUPPORT FROM 78.6% FIB LEVEL#IOC
BUY ABOVE 88.10
SL 85.25
TGT 89/ 90.5/ 91.5
SELL BELOW 85.30
SL 88.10
TGT 83.7/ 82.6
Long Swing Trade Idea #39 : Buy IOCPlease do like and share the idea in case you find it good and follow it for further updates on it. for benefit of everyone. Also, please comment if you have any feedback. This idea is by onerighttrade team and is only for study purpose and is not a trading call.
IOC ANALYSIS 28.07.2020Buy above 93 If it break means then positive mode is start.
Buy above 93
Target 105
so wait for better conformation. Because it is formed doji kind of patter in the previous resistance Zone .If it break mean we can go for long. If it not break dont go for long.
