IOCNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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IOC trade ideas
IOC // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the current levels and analysis for International Olympic Committee (IOC) stock in a 1-hour time frame:
Current Price: 1,235.50
Resistance Levels:
1,250.00 (short-term resistance)
1,275.00 (medium-term resistance)
Support Levels:
1,225.00 (short-term support)
1,200.00 (medium-term support)
Analysis:
IOC is trading within a narrow range of 1,220.00 to 1,240.00
IOC // LEVEL // 3H"Welcome to SkyTradingZone "
Hello Everyone 👋
Let's dive into the 3-hour candlestick chart for Indian Oil Corporation Limited (IOC), a leading Indian oil and gas company.
Here are some key insights based on the 3-hour chart:
Current Trend: IOC has been trading in a sideways trend, with a slight uptrend over the past few hours.
Resistance and Support: The stock has a strong resistance level at around ₹155-156 and support level at around ₹150-151.
Bollinger Bands: The Bollinger Bands are contracting, indicating decreased volatility in the stock.
Momentum: The RSI (Relative Strength Index) is around 50, indicating that the stock is in a neutral zone.
Candle Patterns: The 3-hour chart shows a bullish Engulfing pattern at around ₹152-153, which is a bullish reversal signal.
IOC Flag & Pole Pattern Near Resistance- Keep In Radar
✅ The stock is forming a flag & pole pattern, indicating consolidation before a potential breakout. It is testing the 185 resistance level, which could trigger a bullish move.
✅ The 100 EMA is acting as strong support at 168, reinforcing the uptrend. A breakout above 185 could see the stock heading towards 200. RSI is trending at 64, signaling bullish momentum with room for further upside.
IOC: An interesting consolidation since jan24 will it breakout?Indian Oil Corporation Ltd. an interesting chart under price consolidation and an interesting chart to keep on radar.
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on weekly chart
3. Price Consolidating in zone of 147-189 since jan-2024
4. Major Price support near 164-170 zones
Will it breakout ?
or
Will it fizzle out ?
or
will it continue its consolidation in Sep also ?
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Indian Oil Corporation Ltd. (IOC) ChartThe chart appears to be displaying a flag and pole pattern. This pattern is characterized by a sharp price increase (the pole) followed by a period of consolidation (the flag) before a continuation of the uptrend.
Pole: The sharp price increase from the November 2023 low to the early 2024 high represents the pole.
Flag: The subsequent consolidation period, marked by a rectangular pattern, is the flag.
Breakout: The price has recently broken out above the upper trendline of the flag, indicating a potential continuation of the uptrend.
Volume: Increased volume during the breakout confirms the strength of the move.
Assuming the price holds above the breakout level:
Buy: A potential buy entry could be considered near the current price or after a slight pullback.
Stop-Loss: A stop-loss could be placed below the recent low or the lower trendline of the flag.
Target: The target can be estimated by measuring the height of the pole and adding it to the breakout point.
Disclaimer: This analysis is based on the provided chart and is for informational purposes only. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
Potential Breakout from Flag & Pole Pattern
✅ The stock has been consolidating under a descending trendline + created Flag & pole pattern after a strong uptrend in late 2023. The price is now attempting to break above this trendline, which could signal the resumption of the uptrend.
✅ The RSI is currently around the 60 mark, indicating building bullish momentum. Although volume is moderate, the price action suggests buyers are gaining control.
✅ A successful breakout above the trendline, confirmed by a close above ₹180, could propel the stock towards higher levels, potentially targeting ₹200. Traders should watch for continued strength and increased volume to confirm the breakout.
IOC - Flag and Pole Pattern - Swing TradeThe stock has formed flag & pole pattern
on the weekly chart.
One can enter above 186 with a strict
Stoploss of 163
Target 1 - 220
Target 2 - 240
Target 3 - 269
#SWING / LONGTERM TRADE
#FUNDAMENTALLY STRONG STOCK
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
IOC LONG (167-170), AT UPTREND SUPPORT LINE AND READY TO BLOWTechnical Analysis of Indian Oil Corporation (IOC) - Daily Chart
Note: I bought at 168 and find next major support at 155.
1. Support Zone: The stock has consistently found support around the 160-165 range, as indicated by the green arrows. This shows strong buying interest in this zone, preventing the price from falling further.
2. Volume Spikes: Noticeable volume spikes occurred when the price moved upwards, highlighted by the green arrows. This is a bullish indicator, suggesting increased buying activity and investor confidence.
3. Uptrend Support Line: The stock has been respecting an uptrend support line (blue), which indicates a gradual increase in price and a bullish trend.
4. Resistance Zone 1 (Purple): The stock faced resistance around the 180-185 range multiple times (red arrows). Although there were attempts to break out of this zone, they failed, indicating this area as a significant resistance level.
5. Resistance Zone 2 (Green): The next resistance level is around the 195-200 range. Breaking through this zone would signal further bullish momentum.
6. Short-term Target: The short-term target for the stock is around 189, which is just above Resistance Zone 1. If the stock breaks this level, it could see further upward movement.
7. Long-term Target: The long-term target is set at 225, indicating potential for substantial gains if the bullish momentum continues.
Conclusion
The technical indicators suggest a bullish outlook for Indian Oil Corporation, with strong support levels, volume spikes on upward movements, and potential breakout targets.
Disclaimer: I am not SEBI certified, and this is not financial advice. Always conduct your own research before making any investment decisions.
IOC bullish above 175IOC will become very bullish above 175. It is in long consolidating phase. so breakout will make it shoot.Keep in radar. It has lot of potential. 200 is straight target Then according to fibo extension you can trail the targets but i tell you it has potential to become double in short time.
Indian Oil Corporation Ltd - Breakout OpportunityDate : 30-Jul-2024
LTP : Rs. 182.95
Next Resistances: (1) Rs. 196 --> (2) Rs. 227 --> (3) Rs. 276
SL : Rs. 160 on daily close basis
Technical View:
• NSE:IOC is in it's primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 196.8 on 8-Feb-2024, it has retraced 25% to 147.80 level.
• On 25-Jul-2024, NSE:IOC has broke out from its secondary down trend with higher than average volume.
• NSE:IOC is trading above 21 DEMA, 20 DMA and 50 DMA.
• RSI is trading in buy zone at 67.35.
• MACD is trading at 2.74.
• Looking good to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
INDIAN OIL CORP 1HRNTRADAY TRADE
- EARN WITH ME DAILY 10K-20K –
IOC Looking good for Downside..
When it break level 176.55 and sustain.. it will go Downside...
SELL @ 176.55
Target
1st 174.18
2ND 172.74
FUTURE AND OPTION
IOC AUG FUT – LOT 5 (Qty-24375)
IOC AUG 185 PE – LOT 5 (Qty-24375) – PRICE (10.90)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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IOC SWING + BO Soon RESEARCH TO OBSERVEDate : 09-06-2024
-------------------------------------
SWING + BO Soon RESEARCH TO OBSERVE
IOC Looks Good ABOVE 168
SL 150
Target 189, 191, 203, 215, 230, 240
Hold few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
IOC on a breakout IOC looking good for a short term
Consolidating for Long.
Volumes are also picking up.
Very Strong on Weekly Charts, Just a small concern is RSI is in overbought Zone and seem like it can retest also, there is a small resistance at 179 also.
Note: I am not a Financial Advisor. Your money, your profit/loss. :-):-)
Just posted the idea as it seems good and people can analysis of it's own before taking any trade.
Happy Investing 🙂🙂