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INDIAN OIL CORP LTDINDIAN OIL CORP LTDINDIAN OIL CORP LTD

INDIAN OIL CORP LTD

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IOC trade ideas

NSE IOC – Approaching a Key Demand ZoneTimeframe: Daily After reaching a high of 196.8, the price has declined by over 39% in 13 weeks. It is currently trading below the 50/100 EMA band, with ATR at 3.68 and ADX at 26.02 . According to the Elliott Wave projection, the peak of 196.80 can be identified as a wave ((3)). The security is currently undergoing the formation of a corrective wave (4). Wave (B) formed at 185.97 , while wave 4 of wave (C) was completed at 145.10 . NSE IOC is now setting up for the final wave 5 of wave (C). Two key Fibonacci relationships help estimate the end of the correction: 1.618 Fibonacci extension of wave (A) at 106.54 (for wave C) 0.618 Fibonacci extension of wave 1 at 115.52 (for wave 5) The price is expected to settle between 115 and 105 , which serves as a key demand zone for buyers. If the price breaks out and sustains above 129.75, traders can target the following levels: 139 – 156 – 172+. we will update further information soon.
NSE:IOC
by forextidings
IOC Positioned for Significant Upside Potential: Projected 10%+ Indian Oil Corporation (IOC) has recently experienced a reversal from a well-established support level, accompanied by a notable surge in trading volume, which suggests the potential for continued bullish momentum. Currently, the price is approaching a critical trendline on the daily chart. A breakout above this trendline could signal a significant reversal and drive further upward movement in the coming months. Alternatively, if the price fails to break through, it may retrace to test the support level once more before resuming its bullish trajectory. This scenario presents a pivotal moment for IOC, with both outcomes warranting close observation for informed decision-making. This information is provided solely for educational purposes and should not be used as the basis for any trading decisions.
NSE:IOCLong
by shayaanthewise
IOC Swing Trade IOC COuld Go Long . Ioreover after reaching its All time High Indian Oil got corrected to 163 after reaching 183.89 . The reason for its correction was multiple and since then Investors are waiting for a long time for it to correct and then come back on track so that Investors can Invest in this Fundamentally strong Company . The Stock took support at 163.16 and after that it formed a Bullish Price Action indicating a trend reversal towards Uptrend . After Holding a Level of 165 and reaching and holding at 166-167 Level on 20th September 2024, The stock showed a powerful Bullish sentiment and now it could reach to upper areas Like 167 , 168.93 , 176.96, 173.49 and 174.47 This Trade Analysis is only for Educational Purpose . I am Not SEBI Registered and I am not sharing any Trade Idea or Recommendation . Trade or Invest according to your own Analysis.
NSE:IOCLong
by shubh_agarwal25
Technical Analysis of Indian Oil Corporation Ltd (IOC)Technical Analysis of Indian Oil Corporation Ltd (IOC) Overview of the Stock - The chart shows a 4-hour candlestick chart of Indian Oil Corporation Ltd (IOC) on the National Stock Exchange (NSE) of India. The analysis is based on technical indicators like moving averages (EMA) and relative strength index (RSI) along with support and resistance levels. Key Observations Price Action: The price of IOC has been fluctuating, with a recent decline. EMA (200, high): The price is currently below the 200-day exponential moving average (EMA), indicating a potential bearish trend. Fibonacci Retracement Levels: The price is near the 0.618 Fibonacci retracement level, which could act as a resistance. Support and Resistance: The chart identifies a potential "Buy Zone" between 160 and 166.80. If the price breaks below this zone, it might retest the 148 level. RSI: The relative strength index (RSI) is currently above 50, suggesting that the stock is in an overbought condition. However, it's not at extreme levels, so there's potential for further upside. Potential Outlook - Based on the technical analysis, here are some potential scenarios: Bullish Scenario: If the price can break above the 0.618 Fibonacci level and sustain above the 200-day EMA, it could signal a bullish reversal. Bearish Scenario: If the price breaks below the "Buy Zone" and retests the 148 level, it could indicate further downside pressure. Recommendations - Given the current technical indicators, a cautious approach is recommended. While the "Buy Zone" might offer a potential entry point, it's essential to consider other factors such as fundamental analysis and risk tolerance. Remember, technical analysis is just one tool in the investment toolbox. Always conduct thorough research and consider multiple perspectives before making investment decisions. Disclaimer:- This analysis is based on the provided chart and is for informational purposes only. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions. Do your own research before buying this stock because I am not SEBI registered person and this is just for educational purposes. We are not responsible for your loss. Thanks for your support as always
NSE:IOCLong
by ForexTrader4all
Technical Analysis of Indian Oil Corp Ltd (IOC)Technical Analysis of Indian Oil Corp Ltd (IOC) This is a technical analysis chart of Indian Oil Corp Ltd (IOC) on TradingView. The chart shows the price action of IOC over the past month, along with various technical indicators. Here's a breakdown of the key elements in the chart: Price Action: Resistance levels: The chart shows several horizontal lines that represent resistance levels. These are areas where the price has struggled to move above in the past. Support levels: The chart also shows several horizontal lines that represent support levels. These are areas where the price has struggled to move below in the past. Consolidation zone: The chart highlights a consolidation zone between 150 and 170. This is a range where the price has been trading sideways for some time. Pullback: The price recently pulled back from the resistance level at 173.37. Technical Indicators Used for Analysis: EMA (206, high): The chart shows a 206-day exponential moving average (EMA) of the high price. This indicator is used to identify trends and potential reversals. Fibonacci retracements: The chart shows Fibonacci retracements levels at 0.236, 0.382, 0.5, 0.618, and 0.786. These levels are used to identify potential support and resistance areas based on past price movements. Buy zone: The chart highlights a "buy zone" below the 0.236 Fibonacci retracement level. This is a potential area where traders may look to buy IOC shares. Overall Analysis and my Personal Opinion: Based on the technical analysis in the chart, IOC appears to be in a consolidation phase. The price is currently trading near the support level at 172.67. If the price breaks below this level, it could signal a further decline. However, if the price can break above the resistance level at 173.37, it could indicate a bullish reversal. Disclaimer:- It's important to note that this is just a technical analysis of IOC, and other factors such as fundamental analysis should also be considered before making any investment decisions because I am not SEBI registered person to suggest any stock. This is my personal opinion for education purposes.
NSE:IOCLong
by ForexTrader4all
9
INDIAN OIL CORP LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:IOC
by zenthosh
IOC - Indian Oil Corp - An Opportunity to Buy & HoldIOC Technical Analysis Summary - Based on various sources, the technical analysis of IOC is currently mixed Indicators: Some indicators suggest a bearish trend, while others are neutral. There have been recent bearish signals including a price drop, a bearish crossover on the MACD, and overbought indicators falling back down. Overall Ratings: At present I will give a neutral technical rating for IOC, although the 1-month rating shows a buy signal. Moving Averages: Mixed signals, with some suggesting sell and others buy. Important to Remember: Technical analysis is not a perfect science and should only be used as one factor in making investment decisions. Market conditions can change rapidly, so it's important to stay up-to-date on the latest news and analysis. Consider fundamental analysis, which looks at the company's financial health and future prospects, alongside technical analysis. IOC Support and Resistance Levels :- Here's a breakdown of recent support and resistance levels for IOC Support Levels: S1: 161.1 S2: 158.7 S3: 155.2 100-Day Moving Average: 158.5 (approx) 200-Day Moving Average: 141.5 (approx) Resistance Levels: :- R1: 167.1 R2: 170.6 R3: ₹173.0 These levels are based on recent price action and may change as the stock price fluctuates. It's important to consult live charts to see the most up-to-date support and resistance levels. Remember, support and resistance levels are not guarantees, but they can be helpful indicators of where the stock price might find buyers or sellers. Do your own research: Technical analysis is just one factor to consider when making investment decisions. You should also consider the company's fundamentals, news, and overall market conditions. Thanks for your support as always Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
NSE:IOCLong
by ForexTrader4all