Now in Weekly Time Frame its good to buy already give a breakout and retest is also done !
Buy = 130 SL = 121 Target 1 = 148 Target 2 = 157 03/10/2021 Bullish NSE:IOC-->Indian Oil Corporation Ltd Buy for short term
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.
Triangle Breakout and Re-test done, expecting target of 125+ Let's see.
IOC broken double bottom and retest has been done, long term targets are given on the chart. Lets see.. Happy Investing!
trade like setuped book profit as estimated oil profit will be high at the next Quater
IOC : BO after consolidation - with good volumes. With SL - 107 - we can go long - with next immediate target 116 and then 121. Add to watchlist and trade only after own study and research.
Look for a breakout in IOC. Best entry: When 20 dma starts to hold.
At good support level.....at good level to enter.....keep SL 100....
So This is a chart of INDIAN OIL CORPORATION (IOC) and it has given a breakout from a Strong Resistance zone After an year ( corona top) with a good volume and currently consolidating near its Resistance turned support. The view is Bullish for Short term. SAFE TRADER- Entry Above- 107.5 ( Closing above 107.5) Short Term Target - 120, 125
IOC RSI Divergence on Daily chart and Bullish Candle @ Support Zone with good Risk entry.
it is choppy in 2 hr time frame and drop was impulse wave A, so expecting a bounce of B wave up to 110 before it go down further as C wave as ABC zigzag down.
Keep a Eye on IOC if it comes to level 103.50 if any reversal candle. its a good stock buy in Futures in next week.
If the previous lower high breaks it can be a good swing trade on the long side.