IOC trade ideas
IOC LONGOnly for education purpose not to be taken as a trading call.
CHART BY HARMONIC LEARNING AND EARNING
IOC Possible Down before UpIt 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 BUY SETUP BUY "Don't focus on making money; focus on protecting what you have."
- Paul Tudor Jones
IOC theta decay idea on basis of S&Rthere is resistance at 460, with no fundamental news future, it looks like the bull run of ioc has lost the steam it is safe to short 470ce @ 8.50
IOC, BUYBUYing in this zone has a potential to reach 454, then upto 500 levels.
A bullish breakout has happened as expected. You can have a look at my previous post.
Follow and like if you agree with my analysis.
Comments are Welcome.
IOC.. DONT FORGET MEALL IN A RHYTHM.......BPCL,,,,,HPCL----
I WILL COME BACK LATER TO FILL THE LEAP... FIRST LET ME FALL
