IOC seems breakout from SM triangle 1hr candle
BUY IOC ABOVE 87.6 FOR TARGET T1 90.4 T2 92.35 T3 93.7
Short Term Cash Buy IOC @ 93 - 93.50 SL 90.70 TGT 98 TK cross over at 87 so not much rally from there on. MACD indicates bullish momentum
20 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...
Chart to see if this dead coin can be revived. It's a shame, as the tech behind the coin was ahead of its time. Idea based on hexagon grid.
This is a perfect stock that respects fibonacci retracement levels. 90 is a very strong resistance and all the fibo levels are respected greatly and hence I feel that its good to stay away until breakout happens.
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...
indian oil corporation break the long supported trend line now price is moving downward .. price near support so small bounce can selling pressure is really high
Have to wait for buy or keep on adding in dips will be good profit making company.
IOC (Indian Oil Corporation Ltd) SELL BELOW 131
Hemraj Prajapat Trade Plans: Buy Above 126.25 with the stoploss of 124.85
Lets run this coin to zero. Tech does not matter. Proof of stake and privacy are scams. Not trading advice.
Harmonic square setup in action! enjoy!! Cheers, Keops
It seems like NSE:IOC has completed an expanding Flat on the 240 as a part of the bigger corrective structure. There is probably one major move to the downside before an upmove. The Downmove in question has just finished a running flat and is likely continuing the move down to retest the recent lows of the structure.
IOC has the momentum and is in a great position to really take off. All it needs is some volume and momentum to punch through these areas.