IOC | Nice retracement after Swing High breakout (Dow theory) CMP : 106 SL : 98 Target : 150, 160 P.S : I'm taking it for long time, allocated a small capital. Unless SL is hit i'm planning to hold for 1-2 years
One can go bullish on IOC from here. (for educational purpose only)
its a double top pattern with Support and resistance in uptrend
ENTRY - Above 108.50 SL - 103 ( Closing basis) TARGET - 117,121,148++ RISK/REWARD - 1:6+ Above analysis is for study purpose.. Like and comment to encourage me..
ioc chart analysis for intraday and swing trading
BULLISH DIVERGENCE ON 1 HOUR TIME FRAME MULTIYEAR TRENDLINE BREAKOUT
ioc bullish view detailed analysed on 16 july 2021
Daily MACD Cut may come on upcoming days and weekly indicators are positive. In Weekly Ichimoku chart, Price took support on conversion line and Conversion line above the base line. Lagging span above the day close. Once it coming out of the cloud, price may zoom up further. Weekly MACD crossover may happen on upcoming months. These parameters may help to reach...
2 Reason For Bull Move 1 Double Bottom 2 RSI Diversion
IOC NSE:IOC double bottom on daily chart and above 50 EMA Entry 107.95 SL 104.85 Target 112.2
Is is good & right analysis? please tell me hoe to do right analysis.
TARGET AND STOPLOSS MENTIONED IN CHART # DO YOUR OWN ANALYSIS.
Price is about to enter in buying range supported by EMA 20 on weekly and monthly time frame
I think it is on the peak point breakout are nearby of it it may be upside or downside I have suggested to you both parameters take an opportunity for intraday.