YOU are ignoring.
🛢️🛢️🛢️🛢️🛢️🛢️
While everyone is obsessed (for right now) by the Middle East military operation, Oil India has quietly carved out a textbook Inverted Head & Shoulders pattern.
The neckline is currently being tested at ₹492, and the volume profile shows massive institutional accumulation during the "right shoulder" formation.
This isn't just a trade; it's a structural shift in the energy sector that’s ready to explode.
A breakout above ₹492 triggers a massive technical move toward ₹540 and eventually ₹600.
With a ₹73,015 crore order book in the sector and crude prices on a tear, this "Maharatna" is undervalued and over-ready. Is ₹600 a dream or a destination for OIL? Let me know your target!
( I can see even larger valutaions)
🚀 🚀 🚀 🚀 🚀
🛢️🛢️🛢️🛢️🛢️🛢️
While everyone is obsessed (for right now) by the Middle East military operation, Oil India has quietly carved out a textbook Inverted Head & Shoulders pattern.
The neckline is currently being tested at ₹492, and the volume profile shows massive institutional accumulation during the "right shoulder" formation.
This isn't just a trade; it's a structural shift in the energy sector that’s ready to explode.
A breakout above ₹492 triggers a massive technical move toward ₹540 and eventually ₹600.
With a ₹73,015 crore order book in the sector and crude prices on a tear, this "Maharatna" is undervalued and over-ready. Is ₹600 a dream or a destination for OIL? Let me know your target!
( I can see even larger valutaions)
🚀 🚀 🚀 🚀 🚀
Note
This right shoulder is in danger of further weakness... MONITOR!Trade active
The pattern has triggered!#OIL #INDIA
Note
And this is your driver. #Oil in #Rupees
Yikes
Trade closed manually
not a fan of the action..#oil
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.