#IOC ready for breakoutIndian Oil Corporation Limited looks ready for breakout. As of now, stock has been under consolidation just above Previous ATH levels and forming a bullish MA formation along with nice volume breakout.
SL can be of 5% (candle closing basis) with targets of ₹217 levels.
First target can be of ₹196.
Do your own research before investing as this is just the stock idea that I am sharing.
Indianoilcorp
IOC on the Fresh Breakout Level for new highsGood Morning Everyone,
Here we can witness the fresh breakout on trendline where IOC can try to approach his life time high level again @ 196 level. Consider the following levels now:
Breakout - 171
1st Target - 196
2nd Target - 220
Stoploss - 153
NOTE : Please consult your financial advisor before taking any trade on this recommendation
Indian Oil looks good for 30-40% upside in coming months#IOC looks great here as it is breaking out
30-40% move is possible in coming months.
More so, If anyone is holding this for long-term, along with the upside, there is a good % that one can earn in terms of Dividend yield. In the past 12 months, Indian Oil Corporation Ltd. has declared an equity dividend amounting to Rs 8.00 per share. At the current share price of Rs 106.55, this results in a dividend yield of 7.51%
IOC is a long term investment idea and a portfolio stockIndian Oil Corporation Ltd. is a diversified, integrated energy major with presence in almost all the streams of oil, gas, petrochemicals and alternative energy sources. The company owns over 36,445 Fuel Stations across India. Indian Oil Corporation CMP is 92.60.
The Negative aspects of the company are declining annual net profit, declining cash from operations annual and MFs are decreasing stake. The Positive aspects of the company are low debt, zero promoter pledge and FIIs are increasing stake.
Entry after closing above 93.50. Targets in the stock will be 95.10 and 96.35. Long term targets in the stock will be 98.25 and 100. Stop loss in the stock should be maintained at closing below 88.70.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Cash : Breakout Pattern in IOCPrice action in IOC shows price breaking out on Weakly chart. Price also closed above its 20 periods moving average and RSI shows a break out of a falling trendline and a pop above 70. This shows the stock is gaining momentum on the upside.
Buy around Rs 104-109 for a rally to Rs 118 and above that to Rs 130 over the next 2-3 weeks. Keep a stop below Rs 95.
REVERSAL IN IOC ?1. Stock has made double bottom about 71.50 and broke out the neckline in JAN then corrected to 200EMA, it again made the same highs after which dividend of 7.50 was declared.
2. Price may reverse from these levels as volumes are also draining.
3. Initiate Long @92.55-94
Target @102
SL @90
1Lot = 6500
IOC On The Way To 100 TargetHello There,
Hope You all are fine and fit..
As you all aware we are sharing daily one stock analysation report here, Same you might book profit from our analysation..
This is short evaluataion For IOC.. Showing very bullish view on chart with all indicator in support, main thing volunme is increased after long time which was the postiive note of this script, we can expect next target with 1-2 week of 100++ Must Hold if it is in holding, we will share next report once it cross 100++ level..
Hope You like our researches and making good profit..
Thanks,
-UD Trade
Desclaimer : This is for educational Perpose We Are Not Sebi Registered You may ask your investment advisor before any action.
Indian Oil Corp Price at monthly trend linepink line is monthly support around 70 rupees.
it is important to see this level when price hit this trend line support if price able to maintain this level than it can move upward to short term target 80 , 90 , 100 as relief rally ( corona crisis so it can repeat usoil rally too.)
no oil consumption can lead this to 50 , 60 rupees zone. same as usoil contract about to expire and negative price hit. but yes until pandemic is not over oil will go dip
Indian Oil Corporation | Volume Breakout huge buying of all timeprice at support after that huge buying done in this stock
we can see a short term target like 140 , 150 very soon need some some correction at 115 area .
this are the thing you must aware of for this trade
1 ) price touching support again and again
2 ) head and shoulder like pattern
-----------Head and Shoulder Pattern on daily chart or mostly rejection at top
3 ) if price goes below 110 none of your stop will be executed a sudden dump highly possible due to huge volume .. weak hand will be taken down
4 ) on weekly price can take support at RSI
---------Chart : weekly RSI support chart
Weekly Chart and RSI
When to buy do we have any kind of confirmation
closing above black line support trend line ( weekly closing above 120 - 121 )
only risk taker can buy here
Buy : ladder 114 - 120
Stop : 105
Target : 130 , 140 ,160 ( 1 - 2 month )