Exercise caution as broader market is bearish.
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens...
Technical Analysis on 2H time frame.
Figure 1
1) I use EMA of 20, 50, 100 and 200 periods.
2) The moving averages are contracted in a very symmetric way.
3) The 20, 50 and 100 ema lines are almost on the same level.
4) The resistance comes on the level of 81
Figure 2
1) On 17 Feb we got the breakout of the triangular pattern.
2) The price tested its...
Resistance @ 99, 114
Support at 60
Revise targets in April, May and August 2023-25
Pros:
1)Reduction in GRM to increase the demand.
2)Green Initialtives to be housed in existing IOC franchises.
3)Stock is trading at 0.86 times its book value
4)Stock is providing a good dividend yield of 10.7%.
5)Company is expected to give good quarter
6)S/D Gap in EV...
In Weekly chart of IOC, upward momentum is expected in coming weeks.
Trendline has been respected multiple time.
Plan an Entry at 84 with 80 as SL.
IOC has good Dividend Yield. This can be a good investing opportunity with small SL.
If you are not considering this as investment Buy Qty as per your risk ratio and Plan 1:2 or or 1:3 and book profits.
New Study For Paper Trade
Indian Oil Corp LTD (IOC) ON WEEKLY SUPPLY ZONE
Ioc Equity Holder Keep Book Profit (not long term Holder) And other Can Sell Futures Or Buy Put Option
Maximum 85.80 up side ioc can go with stoploss 88 target 75-65
Study Logic
👉 Weekly Supply Zone
Only For Paper Trade And Education Purpose
Don't Real Trade
I am not sebi Registered...
Resistance breakout and targets these all things are mandatory for one who is doing charting well here I am with an idea on weekly chart of IOC that is Indian oil corporation seems that it gives a Bullish Breakout on hazardous resistance which it faced many weeks finally broken out that resistance and closed on above that and Bollinger bands also confirmed a...
IOC
Chart setup
- Level of 73 acted as resistance between July 2022-Sept 2022
- breakout was observed in late November 2022
After a month the stock has again come back to retest 73 odd levels
If the level is with held the stock can look to propel towards 84-85 odd levels and sequentially towards 90 odd...
Indian Oil Corporation Ltd.
ABOUT
Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI that has business interests straddling the entire hydrocarbon value chain - from Refining, Pipeline transportation, and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has a leadership position in...
IOC
The stock is in strong territory and has support at 73.5 / 68
Target for the current set up 79 / 84 / 90
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational...
Hey, guys here is another analysis on IOC, you can go long for the short term for the price target of 80 . But don't forget to keep a stop loss, since the market is already stretched try to maintain risk.
Do follow if you like analysis
