TideWaterOil - Positive Breakout

TidewaterOil declined from high of 3873 on 13/07/2021 down to 1397 on 20/12/2021, since when it is undergoing healthy consolidation.

Three positive divergences occured during the period of 26/11/2021 to 18/01/2022.

Also, fundamentally, results have not declined at all to the comparable level of downfall in the prices.

Hence, it is a good price formation for upward journey from here on.

Disc.: Consult your financial advisor or apply your self study to take any investment decision on this counter.
Even after two serious sell offs in Indian market, it respected it's previous bottom (1397) and closed just 18 points below the same and that too durinig 2 heavy sell off days only. So, we can ignore that considering special scenario and it is poised to resume it's healthy consolidation phase just to move northward further.


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