IOC trade ideas
IOC ::: LONG20 JULY 2020
INSTRUMENT: INDIAN OIL CORPORATION.
TIMEFRAME: POSITIONAL.
CHART ANALYSIS: INDIAN OIL CORPORATION HAS A HAMMER FORMATION ON 16 JULY 2020 AND 17 JULY CONFIRMED A BULLISH SIGNAL.
INDIAN OIL CORPORATION IS IN SIDEWAYS FROM 01 JUNE 2020 AND IS STILL WITHIN THE RANGE IT HAS BEEN IN A PRICE RANGE 91.90 TO 83.80.
TRADE IDEA: BUY ABOVE 94.90
INDIAN OIL CORPORATION FACES RESISTANCE AT 100.15 AND 128.10
THIS IS A POSITIONAL TRADE.
RISK DISCLOSURE :
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
IOCNSE:IOC
Keep a watch on this one, its acting stubborn, tried to break its support 83.50 and reversed above it, if it manages to break it ll show a downside till 78.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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