Iss Video me aap IOC me rounding bottom pattern ko complete hote huwe dekh skte h aur prive abhi ek crucial restance zone k pass h to aap apna analysis krein aur khud k conviction pe trade le. Trade lene se pehle apne advisor ko consult jrur krein.
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.
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
1Lot = 6500
Hope You all are fine and fit..
As you all aware we are sharing daily one stock analysation report here, Same you might book profit from our analysation..
This is short evaluataion For IOC.. Showing very bullish view on chart with all indicator in support, main thing volunme is increased after long time which was the postiive note of this script,...
1. 3 Window formations
2. Strong refusal after Grave stone formation
3. 3rd window is closed today
4. Over Bought
Entry : Current Price
Stop Loss: 88.35
Exit 1st : 85.25
Exit 2nd :83.30
*Red line are Resistance
*Green lines are Support
pink line is monthly support around 70 rupees.
it is important to see this level when price hit this trend line support if price able to maintain this level than it can move upward to short term target 80 , 90 , 100 as relief rally ( corona crisis so it can repeat usoil rally too.)
no oil consumption can lead this to 50 , 60 rupees zone. same as usoil contract...
price at support after that huge buying done in this stock
we can see a short term target like 140 , 150 very soon need some some correction at 115 area .
this are the thing you must aware of for this trade
1 ) price touching support again and again
2 ) head and shoulder like pattern
-----------Head and Shoulder Pattern on daily chart or mostly rejection at...