Indian Oil Corporation - IOC Analysis in 1hr Timeframe
It forms both W Pattern and a Head and shoulder pattern. We should take entry on confirmation of breakout only.
Case1: If Price breaks neckline of W Pattern we can go for buy
Case 2: If price breaks the support and confirms the breakout from head and shoulder will go for Sell Position.
Both side...
These are potential trades given by you guys only in the comment section :) also, some are my findings
Update on Bajaj finance and Reliance is given inside the video
NO intraday analysis for today only swing based
Nifty energy seems bullish so we took 2 stocks into consideration for that :)
IOC has broken its weekly trend line and is in a positive trend on daily TF. This is a good dividend payer ticker and at a very good price for a long term investment opportunity
What I see in IOC Would love to share my views with you all :
_ I see that the price was getting rejected from the same trendline on weekly basis for quite a while now
and recently broken with 4 bullish green candles on W charts
_ I see that the zone of 102 to 106 is a strong supply-demand conversion zone, which means it can sometimes work as
demand and...
