IOC buy setup - Tiny risky huge rewardBuy IOCat CMP 82.70 and on dips upto 82.25
T1: 86
T2: 88
SL: 81.5
IOC trade ideas
[HP] IOC Fundamental BetBuying based on Trump's deal on Exon and IOC. Will update if I close. March future is at discount too.
Indian oil, IOC ShortIOC is in a clear downtrend which gave us a nice bounce to the Kijun sen / 0.5 fib level followed by 2 days of rejection. Will be shorting the futures lot of feb 2020.
Short 115.45
Sl = 118.30
Target 1 = 109 , RR = 2.26
Target 2 = Open and trail with daily heiken ashi candles if trade works out in our favor.
OK I agree i was wrong once This trend is about to end , Yes i have made errors in identifying it earlier on this scrip
I was some what egar to enter the trade or i have no idea how i miss-read the structure basically i miss-read the last leg of impulse C wave with in the structure
Now i am looking two methods
01) It will crack the recent last low and then bounce back
02) or it will reverse completely and start moving up side
which one will happen i have no idea , but for sure one have to wait for complete bullish candle on daily time frame to enter this scrip and book profits using trailing exit method
IOC - Red AlertIf the stock doesn't bounce immediately it could easily go down to marked price of 91.
SL for this trade would be 111.
IOC Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 3-5 times.
#IOC - Just managed to keep its Head above WaterCompound Fulcrum. Can turn bullish above red trendline.
