IOC CHART ANALYSIS AS PER MY VIEW.
THIS IS NOT ANY RECOMMENDATION OR BUY SELL SUGGESTIONS.
WE AM NOT SEBI REGISTERED ANALYST.
BEFORE TRADE CONSULTATION YOUR FINANCIAL ADVISOR OR AT YOUR OWN RISK.
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As per this chart we see Fibonacci Retracements from Recent swing top and 170.75 to 71.15 range 61.8% is near 132.70. (133)
As per this chart we see Fibonacci Retracements from Recent swing top and 231.45 to 71.15 range 38.2% is near 132.40. (133)
As per This 3rd chart we see down trend line from all time High is also crossed last month and close at top with Bullish Candle. and in this New Month also try to cross last month High.
We see Volume is also good in this rising time.
We see Volume is also good in this rising time.
We see larger Picture of stock then we see 2008 Low and 2013 low Connect trend line also near at last 2020 Low. So This is 3rd time find support and then after start Higher High Formation on Monthly Chart. So we consider is a Strong support area.
AS per this 5th chart is on Weekly Time frame.We See that Cross 2011 and 2015 swing top zone and 2018-2019 swing bottom zone and Close above that with good volume.
As per this 6th chart on Monthly time Frame is major simple Moving Averages.In this chart we see 20MA just find support of 200MA and turn upside. we consider this is positive indication also.
20MA @ 94.78, 50MA @ 132, 100MA @ 121.60, 200MA @92.90. So out of 4 MA is currently Trade above 3 MA and 4th 50MA is also near at 132 (1st & 2nd chart Level is 133).
This Weekly Time Frame Ratio Chart of IOC / NIFTY50.
In this chart we see that White Round area is consolidation period and then after cross falling trend line and after a long time close above 20EMA and 50EMA period moving averages. With that we show last swing High with White Dotted line. If cross that then we see 1st time cross swing high on ratio chart. we Feel that this is also a reversal sign for more upside.
As per this Last But Very Important chart. we see this Weekly chart one falling trend line. and only 4th number on falling trend line is cross previous swing top. But after 2020 Low is 3 time already done that price made Higher High on weekly basis.
So We expect above 133 Close on weekly basis or any other day with Good Volume then See Some Good and Sharp Up move in Coming days.
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