All time high on Indian Oil Monthly charts. Transformation to EV charging stations from OIl based business showing in charts.
Indian Oil Corporation Strong Breakout... Strong Breakout Good Volume.. Education Purpose Only... Please Consult Your Financial Adviser Before investing.. Please Maintain Strict Stoploss... Book 70% at Target 1 and Rest Trail and Book at Target 2 ... Don't Risk More than 1% or 2% of your capital in a single Trade..
#IOC at a very crucial support zone @67 below it 58 is the next support zone.
Script long term resitance of year 2017 breakout with monthly and weekly closing, and day confirmation above 153. Target 208
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
ioc has taken good support for sl and tgt look chart.
Looking gud and moving on trend channel, and life time high 151
Symmetric Triangle Formation in IOCL IOCL Daily Analysis IOCL has made Symmetric Triangle Pattern on Daily Timeframe Trade Initiation - Kinldy wait for Breakout / Breakdown as Symmetric Triangle is considered as Continuation pattern so after Breakout / Breakdown price may move in one direction only. Will publish important levels in IOCL after Breakout /...
Indian Oil Corporation Limited is engaged in refining business. The Company's segments include Sale of Petroleum Products, Sale of Petrochemicals and Other businesses. TTM EPS: 17.36 TTM PE: 5.43 P/B: 1.00 Mkt Cap (Rs. Cr.): 133,022 Dividend Yield: 3.19 Sector PE: 30.01 Book Value Per Share: 94.73 Some Positives: Strong Momentum: Price above short, medium...
Double Bottom Breakout in counter on Monthly Basis Take Entry 95-98 Target 1 - 109 Target 2 - 122 SL - 88
ioc - 117 level has been tested almost 3 times- if it breaks below this- can lead to good fall and gain for the bears
1. Multiple reasons to go long 2. Cup & handle pattern 3. Triangle pattern 4. Reward is handsome of about 25% or so 5. Double bottom reversal pattern with neckline breakout
Looks like IOC has taken a good support at 38.2% Fibo level and is making a double bottom there on weekly charts. Weekly RSI is still above 50, possibly giving a signal of the strength. Pattern also looks like a CUP & Handle or a rounding bottom breakout and then a pullback in form of falling wedge. Larger picture suggest a big rounding bottom under formation
It may be the last move before a big correction, expected to complete in short period. Keeping the SL tight is the trick to trade last moves. Trade with proper risk management. Good Luck. Market might gap up next day though.
with market being on sideways. i took entry in ioc futures for a short term trend on long side
Hello Mates, Guy's We have seen Neat & Clean Multi months Resistance zone breakout and Pull back pattern in IOC. On friday session it has given closing at 94 with the +2.51% of successfully upside, this is proper signal that this has respected the levels of breakout and now it is ready to fly in blue sky. Important levels for IOC Best entry point will be...
Looking Bullish gave cup and handle breakout in weekly time frame .One can go for long for the target of T1-109 & T2-120 with SL 70 .
Cup and handle breakout and retest confirmed. Caution: For education purpose only.