IOC trade ideas
IOC multi years trendline breaks#IOC
1W
Multi years trendline breaks
Buy only when daily candle close above 105
Entry bni to targets baad m
Keep under radar
#Chartview
DOUBLE TOPSHORT IOC:-
1) SITTING AT STRONG RESISTANCE
2) DOUBLE TOP FORMATION AT 15 M TIME FRAME.
3) GOOD RISK REWARD RATIO.
4)DECREASE IN VOLUME AT SECOND TOP.
5) RSI DIVERGENCE (15MIN.)
TAKE CONFIRMATION OF PATTERN WHEN IT BREAKS 102.70 (SHORT).
IOCIOC 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 .
Trade Strategy for tomorrow intradayIf below 90.40-Short & Target 88.60
Else if above 92.15-Buy and Target 94.15
strong buy buy above 105 with a stop loss of 98.50
holding period 1 week to 2 week
target-1 is 113.50 (15% returns)
target-2 is 124 (25 % returns)
Must Break decisively Huge call writing at 105. If its broken with good volumn than go long, if seing not sustaining go short with small SL.
Analise your own chart before entering.
price action strategyThird Time Breakout is an important level for professionals and prepared both for breakout and breakout failure
See all my publications, if it seems to give you both knowledge and profit then only like subscribe and share to your near and dear.
This is only for educational purpose please contact your financial advisor before investing your hard earned money.
My sincere thanks to my Masters trading panthulu, day trader Telugu and Nayan pokharkar.
IOC BUY CALL, Simple Price Action - Uptrend ChartIOC 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.
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 BATBAT Pattern on Weekly time frame
Long if price closes above 97 and sustains
Target - 112
SL - 83
