ioc - short term trade on long sidewith market being on sideways. i took entry in ioc futures for a short term trend on long side
IOC trade ideas
Multimonths Resistance zone breakout and pullback pattern in IOCHello Mates,
Guy's We have seen Neat & Clean Multi months Resistance zone breakout and Pull back pattern in IOC. On friday session it has given closing at 94 with the +2.51% of successfully upside, this is proper signal that this has respected the levels of breakout and now it is ready to fly in blue sky.
Important levels for IOC
Best entry point will be 95-93
Targets we can see in upside 101/107/115+
Keep stop loss at 85
Price is above 200-EMA, it shows a positive trend in near term.
About Company:-
Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI, that has business interests straddling the entire hydrocarbon value chain - from Refining, Pipeline transportation and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has the leadership position in the Oil refining & petroleum marketing sector of India.
Market Cap
₹ 1,32,740 Cr.
Current Price
₹ 94.0
High / Low
₹ 101 / 65.2
Stock P/E
5.40
Book Value
₹ 98.9
Dividend Yield
3.19 %
ROCE
8.16 %
ROE
7.17 %
Face Value
₹ 10.0
Debt
₹ 1,48,977 Cr.
EPS
₹ 17.4
PEG Ratio
-0.36
Promoter holding
51.5 %
Intrinsic Value
₹ 312
Pledged percentage
0.00 %
EVEBITDA
5.18
PROS
Stock is trading at 0.95 times its book value
Company has been maintaining a healthy dividend payout of 46.4%
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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IOC LONG Looking Bullish gave cup and handle breakout in weekly time frame .One can go for long for the target of T1-109 & T2-120 with SL 70 .
IOC breakout after consolidation around 100 zoneIOC healthy consolidation breakout target ATH with 98 Stop loss
Resistance Breakout - IOCPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
IOC: 3 years high breakout with cup and handle patternWhy to choose: aim for long term
1. 3 years high breakout,
2. Cup and handle pattern,
3. Very good Volume
4. Stock is at 0.88 times its book value
5. maintaining a healthy dividend payout of 46.4%
Thanks for date Rider Telugu and other Masters.
This is only for educational purpose please consult your financial advisor before investing your hard earned money.
IOC - nice setup worth studyingNSE:IOC
cmp is 98
this kind of setup is worth studying to make awesome gains
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
A probable top need to be careful now!!The company declared a divided of 5 per share on the 31st oct. The huge divided attracted the retail investors, rise in volume clearly shows the same. According to Elliott this was the c wave of B. Since c is equal to a, the wave B is complete to me. Hence booking profits here will be a rational decision.
BREAKOUT, INDIAN OIL, 52% RETURNS!!!BUY - INDIAN OIL CORP
CMP - Rs. 99
Target - 1: Rs. 114
Target - 2: Rs. 137
Target - 3: Rs. 150
.
Timeframe - 3 months - 8 months
.
Technicals - Cup and Handle Pattern Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
IOC-LongIOC Nice breakout in higher timeframe. It showing Inverted head and shoulder pattern also. Up coming days we expect target as blue area.
IOC is Good For Buy Now @ Current PriceIOC is Good For Buy Now @ Current Price
or Buy @ Retest Level 92 to 93 Level
WIth Stop loss Level @ 86
IOC Attempted BO [Weekly]IOC attempted BO last week with good volume. Keep an eye out on this for the next week to see if daily volumes spike up near the BO point.
IOC: Trading near breakout level on daily time frameIOC is looking good on daily time frame. Stock is trading near breakout levels. Can expect 3 digit+ soon. Company has also declared interim dividend of Rs 5.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling Broadning Pattern
📌 Symbol/Asset: IOC
🔍 Description: Stock is between the range of falling broadning channel. We can see momentum after braekout.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
92 level seems to be new support level for IOC92 level seems to be new support level for IOC. Trading on support IOC . NSE:IOC
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: IOC
🔍 Description: Stock is making broadning pattern. and its around the support.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
IOC 4th wave in progressChart is self explanatory and detailed.
4th wave in progress should go to max 50% retracement line. As wave 2 was flat this could be zig zag correction.
Good stock for investment.Fundamentals are good and also good for long term investment.
Hydrogen manufacturing stock.
Buy - 96
Target - 100.5 / 105 / 108
Long term 200+
SL - 84
Long term no SL.
#IOC Cash : Looks good Flag pattern#IOC Cash -Positional call
10.09.2023
Flag pattern in formation
Looks good above 95.10 and
add more above 100.10
Stoploss 88
Tgt 124+++
Cmp 93
IOC | Investment Pick📊 Details
Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI that has business interests straddling the entire hydrocarbon value chain - from Refining, Pipeline transportation and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has the leadership position in the Oil refining & petroleum marketing sector of India.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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India Oil Corporation Ltd: Breakout retest opportunityIOCL has recently given breakout and retest the same zone. Keep on radar. OMC sector is showing strength.
