Reason for long a) Trendline breakout b) QQE long c) Channel support d) volume burst e) weekly and monthly breakout SL compulsory
IOCL has recently given breakout and retest the same zone. Keep on radar. OMC sector is showing strength.
IOC near resistance breakout within channel, RSI holding above 70, MACD can turn positive within 2 days, if it turns negative then bearish possible, currently stock moving within channel so expecting upside, If it moves up it will also be a Bollinger channel breakout this analysis is for educational purposes only, please trade based on your own stock and risk assessment
IOC: TWO STEP PATTERN Levels mentioned on chart. Plan your trade accordingly. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk. "Trade what you see, Not what You Think" Happy Trading
IOC is respecting the trendline on daily basis. A close above 94 or 95 can take this to 100 where it will again find resistance at 101.
IOC breaks previous swing high and is heading towards previous swing highs as potential targets on upside.
BUY - IOC CMP - Rs. 80 Target - 1: Rs. 93 Target - 2: Rs. 107 . . Technicals - 1) Cup and Handle Pattern 2) Targets set using Gann . . Comment: Maximum returns is 33% . . Follow me for more!
Cup and Handle Pattern Target 1: 90.70 Target 2: 95.35 Stop Loss:75.75 Breakout in the PSE Sector Chart
Prices have registered a Channel breakout, which suggests that it price should continue the uptrend from the low of 47. Channel breakout target is placed at 105. The Golden FR level of 61.8% is placed at 113, which also coincides with previous peak. Bullish view remains valid as long as prices remain above 75.
IOC - Date - 01 July 2023 - Weekly Charts - Pattern - Inverted Head & Shoulders Breakout above 93 with strong volumes can take it 105, 120, 130 << All Capital Market Standard Disclaimers Apply
𝗛𝗲𝗹𝗹𝗼 𝗧𝗿𝗮𝗱𝗲𝗿𝘀, 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝘁𝗼 𝗢𝗻𝗲𝘀𝗵𝗼𝘁 𝗧𝗿𝗮𝗱𝗲𝗿𝘀! IOC, 𝗪𝗵𝗮𝘁 𝗡𝗲𝘅𝘁? Here are the both side Important Levels: RESISTANCE: 91.25, 91.80 | Support Zone: 89.95, 89.65 Please be stay tuned here and click on follow button. I'll update the levels in live market also in comment section. 𝗧𝗵𝗮𝗻𝗸 𝘆𝗼𝘂, 𝗛𝗮𝗽𝗽𝘆 𝗧𝗿𝗮𝗱𝗶𝗻𝗴... ⚠⚠⚠DISCLAIMER⚠⚠⚠ Please note that trading and investing in...
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