IOC
Observations
- the zone of 103-106 has acted as resistance multiple times between Jan 2021 to May 2021
- reversal of role was seen in May 2021 where previous resistance was seen acting as support
- at current levels the stock is back at the important levels
- medium term up trend support (green line) is around 96 currently
Strategy: Consider buying in 2 tranches
- at current levels and have provisions to accumulate further if we see dips towards green line and that is being held
Target for the current set up 136 / 158
Time frame: Medium term to long term
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Observations
- the zone of 103-106 has acted as resistance multiple times between Jan 2021 to May 2021
- reversal of role was seen in May 2021 where previous resistance was seen acting as support
- at current levels the stock is back at the important levels
- medium term up trend support (green line) is around 96 currently
Strategy: Consider buying in 2 tranches
- at current levels and have provisions to accumulate further if we see dips towards green line and that is being held
Target for the current set up 136 / 158
Time frame: Medium term to long term
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.