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INDIAN OIL CORPORATION LTD.INDIAN OIL CORPORATION LTD.INDIAN OIL CORPORATION LTD.

INDIAN OIL CORPORATION LTD.

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IOC trade ideas

IOC looking bullish (08/05/23).IOC on the weekly time frame seems to be at a prefect place for buying. The stock has given a break out of the parallel channel and is holding on the upper levels. A nice bullish moving average crossover is there on the weekly charts, which indicates the bullishness the stock can show in coming weeks. Stock holded the 20 ema after the break out of the moving average and gave a nice movement after a consolidation. Buying opportunity will come on the lower levels, as it may test the parallel channel and start new bullish leg. 3 point confirmation. 1. Bullish moving average crossover (weekly). 2. Parallel channel break out and a retest. 3. Trading above both the EMAs (daily). Support :- 81 Resistance :- 84, 93 Let the stock retest a support levels or forms a price action after the break out of 84 levels. The support level is in confluence with the fibonnaci levels. Wait for the price action near the levels before entering the trade. Stock can be bought near the levels and for swing trades F&O can also be traded.
NSE:IOC
by Mambotrade
IOC Bullish; above 81 on Tuesday 21 Mar for IntradayExercise caution as broader market is bearish. Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours: --------------------------------------------------------------------------------------------------------------------- 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders may book profits at this stage Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice" The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:IOCLong
by JJ_Breakouts
Monitor IOC on 2H Chart for an opportunity of Swing TradeTechnical Analysis on 2H time frame. Figure 1 1) I use EMA of 20, 50, 100 and 200 periods. 2) The moving averages are contracted in a very symmetric way. 3) The 20, 50 and 100 ema lines are almost on the same level. 4) The resistance comes on the level of 81 Figure 2 1) On 17 Feb we got the breakout of the triangular pattern. 2) The price tested its resistance of 81 but failed to give the breakout. Figure 3 1) Bollinger bands are squeezed and a long pipe-like structure is formed. 2) The upper band is on the level of 80.65 Conclusion: - Wait for the breakout of the resistance 81. The overall structure of the stock looks very promising. We only need to monitor it regularly so we do not miss the opportunity. Thanks Er. Simranjit Singh Virdi
NSE:IOCLong
by ssvirdi
2
Yearly outlook - Long IOC Resistance @ 99, 114 Support at 60 Revise targets in April, May and August 2023-25 Pros: 1)Reduction in GRM to increase the demand. 2)Green Initialtives to be housed in existing IOC franchises. 3)Stock is trading at 0.86 times its book value 4)Stock is providing a good dividend yield of 10.7%. 5)Company is expected to give good quarter 6)S/D Gap in EV value-chain Cons: 1)Allocation of 30T Cr of funds to state-run OMC's to the requested 50T Cr. 2)Net Profit reduction of 87% QoQ 3)The company has delivered a poor sales growth of 10.6% over past five years. 4)Company might be capitalizing the interest cost References: Could supply-chain issues derail the energy transition? - Mckinsley Insights, Dec 5 2022
NSE:IOCLong
by EfficientInvesting
1