70% chances for breakout of this pattern. Because, the previous last candle ends with strong buying pressure.
Educational purpose only do your research before trading or investing.
IOC has formed a very beautiful setup. Broken long term trend lines, supply zones. created darva, broken it with full candle with high volume. IT can be added to portfolio at cmp 126 with the sl of 100 for a target of minimum 147.
Buy around 124 looks still a little bit of correction left .. just a view better seek professional advice..
Capture the momentum ASAP, IOC as shown strong Fundamentals and moving as per rule.
IOC - CMP105.45. Today IOC broke out with volumes on rounding bottom pattern with higher cash volumes and increase in price. It's future open interest rise is also at healthy 10%, indicates formation of longs. Very soon it can go up to 117 and 120 with a sl of 100 on CLBS.
Once it breaks 129 and sustains, 140 in next 2-3 sessions !!
In this post I will show you IOC stock✌ Now a time market go to reach the level of previous swing.. Day trading is available in this time Wait for previous level break out after go to entry. It's just for education purpose, trade is your own risk Follow me And commend here for next stock
Retest around 110 - 119 can be healthy for next ramge towards 149 on cross 134.05
I have made an efforts in Giving an Professional out look Those who are small traders with the Capital of 25000 INR to 50000 INR can look to add the the Portfolio and Grow your income by staying in the Long process Those who are FNO Traders you can always Look for Buy set up , as this trend is Moving forward Good luck
IOC broke anad retested the trendline in weekly TF and it is ready to give a good uside move. It is a good R:R setup CMP :- 118.25 SL :- 101 Target :- 169+
#SwingTrade IOC ! Buy at CMP.. Targets & Stoploss Levels Mentioned on Chart ;-)
Cup and Handle Pattern in IOC 1H chart. Clear Breakout with Proper Risk Reward Ration. this Idea is published for future analysis.
The charts analyse support & resistance and rounding bottom pattern. Entry Rs.119.5 SL Rs 116 Target Rs 130 R:R 1:3
IOC BULLISH Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss...
This is my personal view on this script. Please consult your financial advisor before going into any trade.
As we mark some trendlines and used some random indicators and in the end we have got the result that it may b give a breakout in bearish side. if it breaks the trend line in bearish side the 1st price target will be 117.60 and 2nd price target will be 117. if the trend breakout moves in bullish side then the 1st price target will be 119.55. but the important...
Cup and handle pattern is formed in IOC daily and weekly time frame chart pattern waits for a clean breakout and then takes a long position. Disclaimer:- This is only for educational purposes please do your own analysis before investing hard-earned money.