IOC stock from May 30 as of now seller are not letting the price to go up. The last few day can we see more wicks than body the seller dominating...
volume also reducing...
Target 1 (85.30) and Target 2 (83.30)
This is content is for educational purpose and not for investment purpose.
Iam not SEBI registered....
please do your own analysis...
IOC min target 1 if breaks 91.4 with stop loss given in chart.
Stock looks to be in wave 3 with should be 100% of wave 1 and more than 100% if extended.
Disclaimer : Not an investment or trading advice. Please do your own research and analysis before putting money.
Indian Oil Corporation - IOC Analysis in 1hr Timeframe
It forms both W Pattern and a Head and shoulder pattern. We should take entry on confirmation of breakout only.
Case1: If Price breaks neckline of W Pattern we can go for buy
Case 2: If price breaks the support and confirms the breakout from head and shoulder will go for Sell Position.
Both side...
IOC
CMP : 86
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
There can be a breakout coming on daily chart of IOC. As the stock trying to break resistance of 80.85-81.15
We can create a long position and expect a target of 85-86 with a stop loss at 80.50-80.30
A fresh break out of IOC can be sen today on charts after the long consolidation. Levels of 95-100+ can be seen in the coming days. Keep the stock in your watchlist. This is for your educational purpose only.
IOC on the weekly time frame seems to be at a prefect place for buying. The stock has given a break out of the parallel channel and is holding on the upper levels.
A nice bullish moving average crossover is there on the weekly charts, which indicates the bullishness the stock can show in coming weeks.
Stock holded the 20 ema after the break out of the moving...
The Weekly Time Frame Suggest a Strong Supply Area, (Already Tested Once but still can Drag price down upto 20 EMA @79.2
Plan a Short Trade
Either on Intraday Basis or Options.
PS: This research is entirely for Education Purpose, your all capital may get wiped out. Trade Carefully.
I am not responsible either for your Loss or Gains.
IOC gave a breakout to resistance with a strong volume and presently having cup and handle design pattern
Breakout above 85 would give a target of 92+
More over MRCL gave a good returns and IOC having major stakes in it, we may expect good results on May 16th and have good dividend given after board meeting
#IOC #1W #CUPANDHANDLE #CUP&HANDLE
So clearly we can see the stock has break the resistance of 79 after testing it for the third time fron here the targets would be 84 and after that re-test for the support of 80. the stock is going to fly the target for the end of this would be 100 these are the possibilities im expecting from it........
