Inverse Head and shoulder ?Educational purpose only
stock has formed inverse H and S pattern on daily time frame
previous trade is still active this gives enough cinfidence to keeo holding
NIFTy is at all time high so trade with SL
IOC trade ideas
IOC - One Cup Leads to Another :)Indian Oil Corporation - Comparison of Monthly Vs Weekly Chart
Monthly: Long Term View
Price Travelling within a Parallel Channel for nearly 3 Decades
Multi-Year Rounding Bottom BO Done above 154 for Target of 260
Weekly: Short Term View
Another Small Rounding Bottom BO which was triggered at 114 for Target of 180
As you can see on the Weekly chart, 180 Target was reached and Price retraced to test the Monthly Rounding Bottom BO zone at 155 and bounced beautifully
Both on Weekly and Monthly, price respected the levels perfectly. Next Target 260
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IOC Bullish Breakout IdentifiedIdentified a bullish breakout on the flag formed. Here we expect a continuation in the rally back towards the previous high formed close to 192+
Positional trade: Indian Oil corporationWhy
1.higher high pattern
2. Forming bullish flag pattern
3. Retracement seen from level of 198 and took support at near 160. So 160 is crucial for this.
4.due to election ,oil price is stable, after election you might be see multiple hikes. So these companies will benefitted.
5. Trading above all important moving average.
6.fundamental is good.higher divedent paying Co.
7.target 200/ 230 stoposs daily closing below is 160.
8.trade as per risk.
Disclaimer: ideas doesnot advise you to take trade ,it is for training purposes .
BUY SIGNAL FOR POSITIONAL TRADE INDIAN OIL CORPORATIONS
See the chart and understood the facts.
Due to election oil prices are steady, after Election slowly slowly prices will hike. These companies will be benefitted.
Why now: see the chart ,
First ,clearly forming a flag and pattern chart on weekly time frame.
Second , it has been corrected from 198 and formed base at near 160 and multiple time respected.
Third ,trading above all important moving average.
What to do if stoploss hits
Just exit
Disclaimer: it is only educational purposes. Don't take it as any investment idea .we are not sebi registered. I am also learning and earning.
Keep eye on IOCIOC has formed Flag and pole pattern
however MACD showing bearish signal (wait for turn around)
Target 182, 200
SL 3%
GAin upto 15%
Educational purpose only
Upward momentum of 10% -15% in IOC expected on BOSIOC has seen a consolidation on DTF (bullish pennant) after almost a consolidation of more than 60 days. Confirmation to be given on break of structure.
The company has a upwards of 500% increase in EPS QoQ growth for the last 3 quarters and increase in institutional interest.
Good for swing traders. Can expect an upward momentum of a min of 10-15%. Targets plotted on the chart.
Entry - INR 175
SL - (DL)
TSL - According to your risk profile.
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
Bullish Engulfing Long Position IOCBullish Engulfing Long Position IOC
15min time frame
1:2 Profit Ratio
IOC - Is more steam left here after this much insane rally?IOC - CMP 188
Long Term One Line resistance is saying Yes, There is more steam left.
Long Term Chart is saying there is chance of ₹280 in coming months which is almost 50% Upside.
Stock is looking very good to add in every dip for upcoming targets of upper line resistance.
Support 150 (Add more if comes)
Resistance 220-250-280
Note : Personal View only, Not a Recommendation. Personally Invested.
IOCI am not the best analyst like the other social media experts. I am just a beginner and self investor. Please DYOR
#StrongBuy #IOCLIOCL made a strong Bullish Structure on a Monthly timeframe.
It's a strong Buy on a Decent Dips.
Monthly Resistance Breakout.
Short Term targets 🎯 on Charts.
IOC WEEKLY CHARTIOC WEEKLY CHART
Cmp 103.30 Breakout @ 102 Target 154
This stock has witnessed a falling trend line breakout along with resistance breakout @ 102 levels.
Its only an observation & not any suggestion.
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 break out ??Ioc can give a good swing or positional if sustains above 150 with a minimum stoploss
Entry - 150
Stoploss- 147.8
Targets - 155, 160, 165++
Note- if any trade or value that's gone from the level we thought to enter that's not our trade just let it go.
I'm not sebi registered this is my personal view.
Investment pick of the week. IOCLast week, IOC has given breakout and closing above its all time high of 150 which was made in May 17. Now the stock is ready to up wards in a blue sky territory. This is one of the most dividend giving PSU. Company has been maintaining a healthy dividend payout of 46.4% (better than any bank FD's), hence its a worth of a trade.
Since it has hit its all time high, there is a higher probability of the stock taking resistance. I would recommend to accumulate this stock on each dip. If we get 2 consecutive weekly closing above this price, buy aggressively. If by luck you get this stock around 115 buy aggressively.
CMP - 163 (4/2/24)
T - 200, 300
SL - 125 W
IOC 4 YEARS OF SUPPLY ZONE BREAKOUT IN OCT 2023SUPPLY ZONE BREAKOUT IN OCT 2023
But i suggested this stock on 12th Nov 2023 at 100 level
Entered at 100
Targets - 110,120,130,150+
3 TARGETS COMPLETED IN JUST 45 DAYS.... GIVEN 35 POINTS (35%) RETURNS
CMP - 129.85
Re-entry possible at 120 levels... if again falls than average at 110 level
@Jagadheesh_JP
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Indian Oil share Elliot Wave AnalysisIndian OIl share daily time frame analysis
this stock upside impulse wave 1,2,3,4 or 5
Wave 1,3or 5 Impulse and clear count sub wave
Wave 2 or 4 Corrective Wave and clear count sub A,B,C,D OR E triangle correction
#IOCif holding @105 no need to exit also if want fresh buy can consider with sl @103 today all omc moving higher so expecting some news.
Ioc breaking trend line Ioc is breaking trend line of daily and weekly time frame may be continue rally this week
[Positional] IOC Sell IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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IOC : Booking ProfitsClosed the position @104.05 on 07/11/2023.
Booked a profit of about 17.31% of the capital involved. This was a clean trade that moved perfectly according to the plan.
Price may make a further rally upwards for about 8%. But there are chances for that move to be pretty corrective and the downside risk is also high. So as of now booking profit is the most intelligent decision as per my trade plan.
Moreover I do have holding in other oil companies and hence if the sector moves as a whole I can still be part of it. So I'm booking profit in this position to take some chips off the table.
Will consider a re-entry if it falls back to the low of the parallel channel.
Further details, if any, will be updated underneath this post.
