Iocl interpretation Pleasure to have you here. This is an investment analysis done for the Tickr, and potential in the Technicals.
In this Daily Chart , the chart has been slightly in uptrend and as soon as it crosses its resistance, we will decide to make a position in the stock,
if you like the idea please like the post :) It will be a motivation to further such ideas.
Disclaimer Note:-
1) This is just an analysis setup and no advice to trade/trade
2) If you are making position, please have your risk to reward analysis and then enter.
3) The analysis and target shared does not mean i trade in them, entry and exit depends on the market open and other factors.
IOC trade ideas
[Positional] IOC Channel BetNote -
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 (Swing):IOC (Swing):
A 75-100% up move is on the cards for swing.
Keep adding in chunks while script ranges around 75-85.
Appropriate resistances are highlighted.
As this is weekly chart, target can be attained over 6 months.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments sections as time progresses.
Queries are welcome.
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.
Indian Oil: % years Inverse Head and Shoulder BreakoutIOC has been in an Inverted H&S pattern formation since March 2018 which it completed in July 2023. Inverted H&S patterns often implicate a bullish run post pattern breakout and they become crucial specially when the pattern is in formation phase for dew years.
IOC replicates a similar view and the stock has given a breakout in May 2023.
The run still continues supported with high crude oil prices as well. With a long term view the stock seems to go upto 129 levels in few months from now. (Given the pattern is observed in monthly chart)
IOC could burst into an upward move.IOC has formed a bullish structure on the weekly chart. A crucial aspect is a weekly RSI close above 60. It is also about to break out from a down trending line. A long position could be considered keeping the following levels in mind:
LONG ABOVE: 81.55
STOP LOSS: 77.95
TARGET 1: 85.15
TARGET 2: 88.75
Please do wait for at least a 15 min candle close above the "LONG ABOVE " level before initiating the trade.
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