We can see huge upside in the coming days if this line breaks, that what my prediction says. Its been ranging at this range for a long time. If breaks, we can see a 52 week high, just hope that bull market doesn't end.
Looks very bullish it broke a weekly trendline also consolidate after then now broke a daily resistance , good for positional trade
BUY : 107 TO 102 TARGET : 133 Reason For Buying This Script : In this script it forming Elliott wave in monthly time frame. Note : Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target. ALL THE BEST ..
buy near 104, stop loss 99, target 117.3 , 128.4, 152 please take your advice from your financial advisor before taking any trade. all the best
IOC is consolidating at previous resistance and also at fib level of 0.5. If daily Candle Closes above the Consolidation Zone Can take the Swing trade and target previous high.
IOCL WEEKLY CHART looks steady n slow rising, with R/R of 1:1 target of 127 can be seen, also this is high dividend paying company can be kept in protfolio for healthy dividend of Rs. 12 per share giving dividend yield of 11%. Views are welcome on this.
IOC has a breakout form the pattern .It is good to short now the target is kind of good and the stoploss is also not bad. So take a short position in IOC to make handsome profit and don't forget to place the stoploss.
As nifty energy is at support one can see a similar pattern in IOC too and right now it's in consolidation too. Risk reward is very favourable with a stop loss of 102 on a closing basis.
All Petroleum Stocks have corrected decent. Time for Fresh Upmove. IOC- Buy - 102-107 Sl -100 Target -113 118 123
IOC is making ICH pattern on hourly chart. More over this stock showed more selling pressure during last trading hours. This is just for education. Trade as per your analysis.
We can observe that IOC is now showing a reversal. It was in the Consolidation stage and now has broken the Consolidation Channel and is trending up. We have the confirmation as 2 GREEN WICKS can be seen above the EMA 45 Line. This ticker is a good pick as we can see an overall Ascending Channel pattern as the SMA 180 Line is being a Support to the ticker.
Crude oil fall is good for IOC Good bounce from support Go long Stop loss of 100
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 :)
Retracement from Fib Level 0.5 Previous Resistance acting as a support Good volume back on Triangle Pattern breakout MacD turning bullish Stay long till it holds 102 Tgts 117/124
My point of view is to buy NSE:IOC Its an opportunity one can look for. Please look to the chart for detail analysis.
Disclaimer-: 1. Long-Term Bets can be solely made from technical analysis if done correctly. Nonetheless this can be used in combination with Fundamental Analysis. So readers feel free to comment fundamental ideas if any, either in support of long or short, both will be highly appreciated. 2. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I...