Price 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.
A breakout happens after a month. It can move further if today's results are positive. So one can enter after the results.
IOC looks too good for long-term forming ABCDPATTERN Target could be 220 add more at 75 stoploss will be 70 From funda side IOC is the second biggest player( if I'm not wrong) in ethanol production and allocated some funds for expanding it . And govt is taking initiatives for producing Ethanol as an alternative to gasoline .so IOC could benefit from it .
please buy ioc looks very good on weekly charts .
IOC has been making a good price action chart since 1 and half month. The bottom line being Buy Time and the upper line Sell Time. Seeing the trend Short Term target set as Rs. 106 and if breaks out that then no bounds for it. A good stock at a correct buy price. BUY BUY BUY.
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
IN WEEKLY CHARTS IOC GIVE BREAKOUT . EVEN RSI IS AROUND 60 WHICH IS GOOD SIGN. A good trade in oil psu after long time
IOC- CMP 93.85. It is bullish, if it closes above 95.5 then can go to 101.75, 108.6, 116.55 in short term. RSI touched support and turned bullish at close. MACD also bullish on daily charts. It is for educational purpose only.
IOC has never completed Elliott Wave ever, every time it does, there is something happening. This time its covid19, and now a new wave started for it in September 2020. If we go through past charts and price points, I can clearly see it crossing Rs. 80 and touching even Rs. 90 - and all this in a short period of time. Who wants to make money on this stock?...
IOC TECHNICAL ANALYSIS...on daily chart...if you like please LIKE AND SHARE
ALL the government companies are undervalued. Here IOC MADE MONTHLY AS WELL AS WEEK SUPPORT ON CHART AT LEVEL ON 73.50 So just study a trade and take position , if already you have it than just hold. Personal advice:- SL :- 67.00 Limit :- 90-110 (In 5-6 months) Note :- Do not go with my advice , study a trade ! Hello i am Zeel Goswami, Here on...