IOC: Chart set up, Result, Dividend and important levels
IOC
Last time when the stock was at 117, we had given a Buy for IOC with target of 126 / 132
The stock retraced exactly from 126 odd levels and is now taking support at 50 day EMA sub 120 odd levels
The stock is showing signs of strength and may be poised for it's 2nd target of 132 and could possibly even test the highs of 141 in medium term
Above 142, Doors would open up further for target of 166 / 172 in Longer term
200 day EMA support is at 114 odd levels
Note: Result is on Jan 31, 2022 and there is a possibility of Dividend announcement.
Take care & safe trading...!!!
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
Last time when the stock was at 117, we had given a Buy for IOC with target of 126 / 132
The stock retraced exactly from 126 odd levels and is now taking support at 50 day EMA sub 120 odd levels
The stock is showing signs of strength and may be poised for it's 2nd target of 132 and could possibly even test the highs of 141 in medium term
Above 142, Doors would open up further for target of 166 / 172 in Longer term
200 day EMA support is at 114 odd levels
Note: Result is on Jan 31, 2022 and there is a possibility of Dividend announcement.
Take care & safe trading...!!!
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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