IOC Observations - the zone of 103-106 has acted as resistance multiple times between Jan 2021 to May 2021 - reversal of role was seen in May 2021 where previous resistance was seen acting as support - at current levels the stock is back at the important levels - medium term up trend support (green line) is around 96 currently Strategy: Consider buying in 2...
Scrip Name: Indian Oil Corporation Setup : (Weekly Breakout Strategy) Entry - 115- 118 Stoploss - 100 (In case it reaches this price levels due to market correction, additional positions can be added). Target 1 - 130 Target - 2 - 140 Target 3 - 150 Time Period - 3 Months The Stock is also providing a good Dividend Yield.
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
After descending triangle breakout,IOCL is now following trendline support in daily timeframe. As good time continues for oil & gas sector,we can expect IOCL to continue following trendine. One can go long for T1 - 140 T2 - 150 T3 - 160
Long opportunity Buy at levels given in picture Enjoy
IOC : trade set up : 1. buy above 116 2. keep stop loss as 100 on closing basis 3. targets 131/143/162+ key technical highlights : 1. cup & handle 2. trend line 3. value note : stock is trading at handle portion of the (c&h) pattern . recent ( Q on Q ) is good. expected a good breakout with this pattern for good returns . good long term pick
IOC 15 MINUTES BREAKOUT chance breakout with high volume entry this trade volume is important
Broke out on weekly chart Support at 105 RSI at levels of 66 Hold for targets - 133, 172
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Retest may be a shallow one as ready towards 149 on crossing 135.50 with SC In Momentum on D / W charts
IOC has given multi-year downtrend line breakout. Wait for retracement and then take suitable entry and wait for few weeks for bumper profits
Its a very good time to sell this stock its a pullback for the next leg upwards. good r;r ratio
Clear cut breakout has been observed here in IOC. Also it has retested the same level again. Now it is ready to move upward. Also, I would like to add that this script behaves like a Turtle and not like an eagle. So I am not expect it to fly. However it will be assured that it will move upward slowly and steadily. Thanks. Happy trading!!
IOC is a buy around 101 with Stoploss of 98 with a 15-20% upside in next two months. Target is around 118 - 120