IOC at important resistance trend-lineWill it successfully and decisively break it this time?
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NSE:IOC
IOC trade ideas
A possible BreakOut in IOCDouble bottom formation in IOC giving a strong signal of possible breakout. If breakout happens it can give some good long position.
IOC 74 buy at 74 , Price action is kingI will go LONG on IOC because:
The price is taking support at trend line .
It has touched the support trend line again .
So will look at buying opportunities.
If it falls below the support trend line then short it.
Entry - 74
Target - 96
Stop loss - 68
IOCIOC ..AS FORMED DOUBLE BOTTOM WITH RSI DIVERENCE AND IS ABT TO GIVE BREAKOUT ABV 96.5...(may be after some consolidation) ...after bo te stock can start its uptrend
IOC - ON MOVEIOC ON MOVE
KEEPING 90.7 AS STOP
RUN THE RIDE FOR NEW HIGHS TILL 103.8 LEVEL
disclaimer - for study purpose only.
IOC | Ascending Triangle & BREAKOUT Swing Trading opportunity ! 30min Chart Alert !!!
--Buy above =92.30
--Target = 95.40 and even more
--Stop-loss = 91.05
--Lot Size = 5700
--R:R = 1.84
--Expected Profit = 16,000 ₹ per lot ( 4.50% )
Technical Reasons to trade :- 🧢
1) ioc has formed ascsending triangle
2) Volume is good at the time of breakout
3) multitime frame is bullish
4) target is based on resistance zone
5) retracement can happen
Guys check out the related ideas as well, it will worked really well !
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✍COMMENT Below your view !
IOC can go up to 96 and then if weekly closes above then 105 chart is self explainable. Keep SL tight
Long Position in IOCHello Friends, I am bullish on IOC as this stock given breakout on daily timeframe by making flag and pole breakout, I have mentioned by observation for making position in this stock, this stock created Hanging man after the breakout, but if the low will breakout on hanging man candle then we can exit with taking a small loss. you can check parameters for building conviction on this stock. we will wait for the target. Thank You
Hey investors !THIS IS MY PREDICTION
That the NO TRADE done of IOC is BUY AFTER 87
And sell AFTER 85.5
IOC IntradayStock from current level might move towards 88/90
Even better if one is found near 85-86.
in that case SL 84
If it opens below 85, there is no need to trade.
Disclaimer: Ideas for learning Only.
Learn Regularly. NOT Occasionally.
IOC#ioc look for bullish candle from here as it seems breakout and pull back done. Above 86- 87 it can show 95 and 100 as next short term targets. View will negate below 79.
IOC brilliant chart for medium termMultiple things to note on this chart.
1. The stock formed a good base at 71-72 levels. Tested twice and the levels acted as a good support. In the chart this is indicated by the black line drawn at support.
2. The stock then formed higher highs and higher lows indicating that the stock is in an uptrend. This happened for almost 6-7 weeks.
3. Now, historical data shows that the support had previously taken very strong support at 83-84 levels. It tried to break these levels on almost 4 occasions (weeks) but failed. Also, we know that a support line then acts like a resistance. Indicated by red trendline.
Can it break this resistance of 83-84 levels this coming week? Some of you might say that it has already broken the resistance on weekly close but the volumes don't look convincing to me so I would wait for another session and see how the formations are on a daily chart.
Trade idea: If the resistance is decisively broken, go long in IOC with levels up to 90 (first) and 96 (second) as Targets.
Please look at the "related idea". I had given an idea on IOC and that was very successful.
Please give me a like and follow.
Cheers!
