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...
Bat Pattern + Triangle Pattern Forming in IOC Might take Reversal from D Point at 106.95 as supply demand is also there.
IOC: Looking Good Descending Triangle Pattern Upside Breakout Sustaining/Closing Above 105 Buy Above/CMP 104.65
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
IOC have had breakdown on 1 hour time frame and has the possibility to reach the demand zone of the channel pattern which it has been trading on a longer timeline. Stop loss can be the previous swing high, with an interesting risk reward ration
ioc tgt 120/150 minimum 3-6 month
IOC at near previous resistance =102 also near senkou B support ichimoku study also near 50% fib retracement very high R:R setup Sl below= 103 on closing basis Tgt=108 n more similar pattern in BPCL trade at your own discretion
SL, Target1 and Target 2 are shown in the figure.
Q result- 3 fold raise. analysis on chart. COmment ur view for my improvement.
Buy Above Green Line closing basis above 110.50 tgt 117-120-130++ Keep Sl of 105.35 closing basis Happy Trading
High chances that stock may reverse from current levels for a new Higher High. Enter at CMP with SL below 100 for target 120/125.