IOC stock break out A fresh break out of IOC can be sen today on charts after the long consolidation. Levels of 95-100+ can be seen in the coming days. Keep the stock in your watchlist. This is for your educational purpose only.
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.
IOC Short 83.6 May SeriesThe Weekly Time Frame Suggest a Strong Supply Area, (Already Tested Once but still can Drag price down upto 20 EMA @79.2
Plan a Short Trade
Either on Intraday Basis or Options.
PS: This research is entirely for Education Purpose, your all capital may get wiped out. Trade Carefully.
I am not responsible either for your Loss or Gains.
IOC Breakout with huge volumeIOC gave a breakout to resistance with a strong volume and presently having cup and handle design pattern
Breakout above 85 would give a target of 92+
More over MRCL gave a good returns and IOC having major stakes in it, we may expect good results on May 16th and have good dividend given after board meeting
#IOC #1W #CUPANDHANDLE #CUP&HANDLE
IOCIOC has taken multiple support and resistance between 68 and 73 range.
This could be a good range to trade short term
Targets for iocl ...So clearly we can see the stock has break the resistance of 79 after testing it for the third time fron here the targets would be 84 and after that re-test for the support of 80. the stock is going to fly the target for the end of this would be 100 these are the possibilities im expecting from it........
IOC High divided stock market or break in 1W tfIOC is having strong resistance in weekly timeframe, giving a breakout would lead to good bounce for short term.
IOCLIt getting tighter and tighter in weekly time frame. Any breakout above 78.50 can give good upside.
IOC bullish patternIOC analysis every thing memtion on chart
NOTE: THIS IS FOR EDUCATION PURPOSE ONLY DO UR OWN RESEARCH BEFORE MAKING ANY INVESTMENT
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:
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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.
IOC BreakoutIOC Breakout upper side.
81 level Little hurdel.
If crossed & sustains it for 2 days..
Expecting Target : 84, 81
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
IOC @ 79 Analysis on 11-Feb-2023IOC @ 79 Analysis on 11-Feb-2023
As long as 47 holds support, we will see 95 and further 122-138, 195, 229-250, 286-306, 342, 390, 430-455.
Long in IOCAfter giving trendline breakout IOC came for resting exactly reversed from golden rotio 0.618 above 80.75 it can go 81.25/ 84++
ioc ioc INDIAN OIL CORPORATION LTD
(swing Trading special buy 76rs (condition :- 0.50 % tuch then buy )
Target :- 82 to 85
sl;70
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
IOCIn Weekly chart of IOC, upward momentum is expected in coming weeks.
Trendline has been respected multiple time.
Plan an Entry at 84 with 80 as SL.
IOC has good Dividend Yield. This can be a good investing opportunity with small SL.
If you are not considering this as investment Buy Qty as per your risk ratio and Plan 1:2 or or 1:3 and book profits.
INDIAN OIL CORP LTD (IOC) ON WEEKLY SUPPLY ZONE New Study For Paper Trade
Indian Oil Corp LTD (IOC) ON WEEKLY SUPPLY ZONE
Ioc Equity Holder Keep Book Profit (not long term Holder) And other Can Sell Futures Or Buy Put Option
Maximum 85.80 up side ioc can go with stoploss 88 target 75-65
Study Logic
👉 Weekly Supply Zone
Only For Paper Trade And Education Purpose
Don't Real Trade
I am not sebi Registered Here Post is only for Education purpose i am not responsible for any profit and loss.
Indian oil corp. for 6% (approx.) gainIOC showing trend line breakout on chart and the price action also showing very short term view..
LTP : 83.55
TG : 90
SL : today's low
RESISTANCE BREAKOUT TARGET IOCResistance breakout and targets these all things are mandatory for one who is doing charting well here I am with an idea on weekly chart of IOC that is Indian oil corporation seems that it gives a Bullish Breakout on hazardous resistance which it faced many weeks finally broken out that resistance and closed on above that and Bollinger bands also confirmed a Breakout on it's upper band so we can see that bullish momentum will continue in this stock for the Target of 86 levels.. Happy investing and trading guys.
Cause Of long-:
1- Horizontal Resistance Breakout
2- Bollinger Bands Breakout
