IOC "HEAD & SHOULDER" OBSERVEDDaily Close Above 97.5, Buy It
If Weekly Close Above 97.5, Hold It Tight
SL - 89.9 (DCB), Target - 122/130
IOC trade ideas
IOC - Ascending broadening wedge pattern at monthly time frameINDIAN OIL CORP (IOC) - Ascending broadening wedge pattern formation at monthly time frame - Long
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
IOC LONG Looks bullish above 102.
T1-123
T2 - 135
T3 - 157
Discalimer : This analaysis for educational purpose...please do your own analysis before making any tradee
IOC - Head & Shoulder PatternIOC in transition to form Head & Shoulder Pattern in Daily chart.
Work for neckline to break with good volume.
If break then next target would be 115/120.
NOTE :- All Information are for Education Purpose only. You can take trade on your own analysis.
ioc breakout confirm? !ioc i think confirm breakout 31-12-2020
sgx nifty touched 14000 just ....dot 20points for ioc goood profits.
Double Bottom BreakoutWeekly time frame sees double bottom pattern and Fibonacci retracement level in Daily Time frame, taking support at .5% and is climbing back
target 110
SL 84
IOCIOC Weekly RSI close above 55 + daily RSI > Weekly RSI + Daily ADX > 25, Momentum may be continuous from here. exit - Close below EMA_34 or Daily RSI close below 45 or Daily ADX close below 25.
Near breakoutStock facing resistance 2 times and now third time
Almost bo but doji candle and consolidation near resistance indicated not clear move if today sustain above 96.50 looking good for swing
It can gave 5%++ move any day if bo done
Educational purposes only just watch
Indian Oil Break OutIndian Oil has given a breakout (though not very convincing due to lack of a big candle) at the resistance of 94~95 level. The short term target should be 98~100. The midterm target should be 104~105 and a long term target of 115 can be thought of for patient warriors.
However, option chain analysis shows a huge no. of calls (big resistance for this month) at the level of 100 and supports based on PUTs can be identified at 90 and 85 (more PUTs at 85 as compared to 90). Let's see how it unfolds. Disclaimer: I am new to Option Chain Analysis :)
IOCPrice in raising pattern.
Expecting NIFTY PSE to get a push.
fundamental-
Q2 - good profit.
IOC - in demand.
Buy IOC for huge targets in short term. It has given a clear breakout of double bottom and also crossed 50 and 200 MA, it’s a huge target as no resistance nearby. It’s only buy, buy, buy.
IOC - On The Verge of long term trend reversalPrice has formed a double bottom formation, close above 96.80 will confirm formation breakout for initial targets 102 and 110 and pattern target 131
DISC: VIEWS FOR LEARNING PURPOSE ONLY
