IOC above 105.85+ rocket move possibleNew high is waiting once crossed this resistance..
As it's momentum stock play
IOC trade ideas
IOC has tremendous expansion plans in coming years!NSE:IOC sits on better, cleaner and futuristic plans for 'fuel' of the next Decade.
Hydrogen and electric based fuel to various vehicles is the narrative all the Automobile based companies aim for.
Therefore companies like IOC, BHEL, BEL etc. are all stocks to hold on for a decade or two until this 'future' manifests.
IOC looking good for PositionalCan buy IOC at current levels & Hold until Targets achieved.
Target1 - Rs 116
Target2 - Rs 141-146
Target3 - Rs 164
Strong Support on lower side at Rs 96 Level.
Indian Oil Corporation - More Upside Stock has generated great volumes in past few days.
It is at a long standing trendline which if broken can bring at least 5-10% upside.
Levels are mentioned in the chart.
P.S. Wait for candle close above 105
IOC BREAKOUTCup & handle formation breakout.
Resistance breakout and retest.
Large move can be seen upside.
Ioc breaking the muti year hurder Ioc has given breakout from multi year resistance, once above 107 , it will be unstoppable.
Buy some now and rest in case it retest the breakout.
IOC BUY IF IT HOLDS 106 TILL WEEKENDBREAKOUT IN IOC.
BUY IF IT HOLDS 106 TILL THURSDAY.
115 TO 121 CAN BE EXPECTED FOR SHORT TERM.
IOC LevelsIOC targets mentioned on chart
add more around 85-90
and hold your positions for 2-3 moths for getting 20%+ profit
IOC Multi Year trendline breakoutVery good opportunity, Conservative players can Keep Sl at breakout Candle low..
Anyways don't miss this opportunity.
Long IOC...Long term reversalIOC
CMP - 101
Stop - 85 on DCB
Expectation -
1 - 145
2 - 175, Review at 175
Expected Holding Period - 80 trading days or earlier
Ideas being shared only for educational purpose
Poor Guy -IOCIt seems this stock is preparing for CA -Failing again and again 🤣🤣(unable to surpass the lvl of 105-107.....New investors don't get trapped here at this lvl... Go long only on sustained closing above 108 for Target 120 and more)
I
Note- This is my personal view point based on simple demand and supply function
Do like, Share and comment if you have any suggestion/query regarding this analysis
IOC is Going to hit upper limit after a Year!!After a year, IOC breaks 3 digits levels, and this time, if it holds resistance at 101 then the coming week target, will be achieved of Rs 116 with stop loss for short-term traders @98.. But if your view long term then no stop loss and also :
1. Last two trading include today- the big volume of trade was executive and last time such volume was there then it gives 10% rally.
2. On 18 may 2021 board meeting and results will be declared. Current scenario good dividend and results will be expected.
Note - It may rally down in the next two sessions due to the current scenario of covid and nifty break support but advise to buy on every dip for a long-term scenario.
IOC (Indian Oil Corp) - Multi Year Break Out - 40% UpsideIOC has broken out of a multi year downtrend - one that peaked in August 2017.
Immediate Targets:
#1 : 115
#2 : 125
#3 : 140 (This is a long shot for the next few months)
Stop Loss: 88
IOC - LONG TERM TRIANGLE BREAKOUTIOC has given a long term Triangle breakout with HEAVY BUYING VOLUME.
Good opportunity to invest for Medium to Long term.
LTP: Rs 102
Target: 155/170/230 in 6-12 months
SL: Rs 90
