IOC trade ideas
IOC - can it stick to its character? - Target Rs. 90IOC has never completed Elliott Wave ever, every time it does, there is something happening. This time its covid19, and now a new wave started for it in September 2020.
If we go through past charts and price points, I can clearly see it crossing Rs. 80 and touching even Rs. 90 - and all this in a short period of time. Who wants to make money on this stock? Comment for more observations.
What are we discussing?
IOC target price Rs. 90 (Possible?) - Can it break Rs. 84??
Don't wait for all 5 waves...
What to do in IOC?ALL the government companies are undervalued.
Here IOC MADE MONTHLY AS WELL AS WEEK SUPPORT ON CHART AT LEVEL ON 73.50
So just study a trade and take position , if already you have it than just hold.
Personal advice:-
SL :- 67.00
Limit :- 90-110 (In 5-6 months)
Note :- Do not go with my advice , study a trade !
Hello i am Zeel Goswami,
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[Buddha] IOC Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
INDIAN OILITS APPROACHING ITS 6 MONTH LOW OF 71, IF HOLD THEN ITS AGAIN GONNA TRAVEL BACK TO 73.50, 74.50 & PROBABLY 76
ELSE 67.50 VISIBLE IN COMING DAYS
CAUTION - SLOW MOVER
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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