2-2-2024 ------------ Buy OIL @ CMP for the Target of 483.80-526.55 SL 390 Strategy : SBO + RSI > 60 + EMA above 20 & 50 Duration few Days
Oil India channel breakout on chart, will go further up if volumes support. Keep an eye on volumes
Broken it's previous resistance with good candle. It's good to buy this now or in retracement. It's only my view not a recommendation.
Another stock for year 2024 i.e second stock for New year ... Mentioned the stock earlier in my profile and now again gave a strong breakout with the great volumes as the stock passed the defined previous target of 350 .. Cmp 373 Buy around 255-265 Target: 500-600+ SL : 240 ( will not be active for sure ) Pro's and cons mentioned in earlier analysis but still a...
India cuts windfall tax on crude oil to 1,300 rupees ($15.63) a tonne from 5,000 rupees - govt notification ** Govt cut windfall tax on diesel to 0.5 rupee per litre from 1 rupee per litre - notification
The stock has been in congestion zone from past 3 months. During this period INR300-305 acted as a demand zone while INR 325-330 zone has been a seller's favored zone. The stock is spotted today breaching a minor trend line resistance with good volumes. This could be an early sign of the intentions of the stock(or rather the buyers) to clear above the 325-330...
OBSERVE POSITIONAL RESEARCH OIL - Oil India Ltd good above 347 Accumulate if it goes down till 300 Targets 375-400-425-450 Holding Period few weeks Price is shifting in the upper direction slowly and gradually with volumes after forming a triangular pattern. Please consult your financial advisor before investing All research is for educational purposes only.
Oil India (Swing): Oil India is set to double, owing to the strong breakout in energy sector. Multi year supply zone is being tested. Appropriate support, resistance and target levels are highlighted. Keep adding between 290-320 with a SL around 270. Trade offers a RR of 1:10. Note: Do your own due diligence before taking any action.
OIL looks bullish on the monthly and weekly time frame. It has broken and retested 300 levels. We can see the cup pattern formation and neckline. We can measure the depth of the cup and clone it from the neckline for the target upside. Monthly and weekly RSI are above 60 and crossing 60, respectively. The monthly RSI is inclining. The volume moderately...
Company running with good Earnings, Technical also good, So Target 306 ( Duration 1 to 5 months )
OIL - gap Trading Buying Level soon after it has crossed VWAP Target CPR BY DTT - Since CPR low gap, and it has to touch the CPR
Triple Top Pattern On Oil india on H1 chart and its a selling idea if price break Neckline with Sell stop
#OIL #OIL_INDIA_LTD #oil_india-ltd Inside DAILY candle above 277 buy below 265 sell wait for candle closing always inside candle have trap so be careful .wait for day candle close
Reason for long a) Triangle breakout b) Mr.14 Set up c) vwap support SL compulsory
Clearly the most undervalued stock (with P/E ratio under 3) as compared to other stocks of this sector oil and gas industry ⛽ My avg. Buy at 180 Key Notes as: Cmp 240 Book value 340+ EPS 80+ ROE 20+ Face value 10 Good Q3 results Decreasing Public holding Increased Mutual fund holding Formation of ABC pattern (Sea horse) TGT 325-350+ SL BELOW 220-200 So...
The price has bounced back from 21Ema support with increasing volumes tilting the strength towards the buyers. DMI movement backing the bullish view. Buy above today's high price of 260 Entry- 260-261 SL - 245 Target - 298
When examining this asset, there is evidence of an M-pattern formation occurring across weekly, 4-hour, and 1-hour time frames. Although the right arm of the M-pattern has not yet begun on the weekly timeframe, it is about to commence on the 4-hour timeframe. There is also a clear formation of the right arm of the M-pattern taking place on the 1-hour...