Modi in election mode IOC on fire Buy above 139 -Intraday Modi in election mode IOC on fire Buy above 139 -Intraday
IOC trade ideas
Big move expectedTriangle formation inside falling wedge check the chart carefully. Wait for the breakout and ride the move.
IOC MoveTechnical Analysis is essential after a due news flashes out. Some strong pattern formations are being undergone like Bullish Candle, already formed Triple Bottom and Rectangular Pattern is under process. Financials also support for the same.
[Intraday] Insidebar + penant IOCLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
Also formed a pennant, so it will have to go in a direction, as the candles are getting compressed
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH - 134.2
PDL - 132.7
Long on drop reversal This scrip will have to make one more drop and reverse on daily
This one i am looking for very small position in cash only , Not in futures , and it will be very noisy move ,
long trade setupOil marketing companies will be looking bullish in coming days thanks to Rupee gaining strength, buy the dips and trade as per the charts.
all the best
May find support in near term Support is at 135.30, resistance at 150.55, intermediate/ long term target 223
