breakdown In oil IndiaContinously making lower highs with huge wick sellow if the trendline support breaks with confirmation and keep the sl at swing highShortby mikumayank210
OIL - long ideaOIL - Go long at cmp 99 for target 110 If daily close gets above 113, hold for 150 Best stoploss will be 83 Positional trade.by uvanza2
OIL AnalysisOIL India is one of the listed PSU's. This stock has been in the downtrend since the start of 2018. This script made a lifetime high at Rs.335 in Sep 2014 and a lifetime low at Rs.137.05 on Jan 2020. In general, when the price is correcting, delivery volumes tend to be on the lower side. However, there has been a rise in delivery volumes in OIL from the last 5 days indicating somebody is accumulating this stock at this level. All momentum indicators/oscillators are indicating that the stock is in an extremely oversold zone. Historically, whenever RSI fell below 30 there has been price reversal. Keep a close watch on this stock and trade and /or invest per your risk appetite. Conclusion: Increase in Delivery Volumes, Technical Indicators suggesting that the stock is in the extremely oversold zone, historical RSI trend reversal confirmation are indicating that there can be a possible reversal in OIL if the price sustains above Rs. 137.00 Longby HemanthKakani6
Oil Sell Retest of Daily LevelBlack Lines = Weekly Levels/Trendline Red Lines = Daily Level Shortby PistolPeteno14
Oil India#OILINDIA trading in Cup & Handle pattern but not able to sustain above the breakout level. If Oilindia break 188 level post result we can see 192-196 level according to chart and if stock break 182 level we can see downside toward 178-176 levelby M_Chartist3
OIL SHMOIL (?)Based off this chart section Oil is bearish : Descending Triangle - Price broke out below Lower Highs Candlestick Patterns Price is near the trendline and resistance level which gives confirmation of a trend/pattern.Shortby xEbenxUpdated 113
OIL INDIA LTD HIT A GOOD SUPPORT should turn from here and break the channel which have been forming on low volume. has hit a good support, turned and completed a flat correction wthin the channel. More agressive traders may buy from here, but a good strategy would be to wait for a break of the channel to the upside and a consolidation just above the channel before opening a buy position.Longby sampler23124Updated 1
Trend change once it breaks out the triangle.. Bullish Trend change once it breaks out the triangle.. Bullish by Karunakara_nk1
OIL INDIA Moving UpRetrace to the 50% Following elliot wave, waiting for the next push up. Check out volume as well at the end, picking up. Can see a move up from here.Longby Wael6131
OIL | Long LevelsIt closed above 50% fibo levels but reversed from 321 which is also the price where either bulls/bears have got activated with full force. In Such situation for intraday traders they can long the position above 316 for first target as 321 or short below 314 for possible target of 312,308. For positional traders they can initiate their long positions above 321, above which I am considering it to be super bullish, but one can book profits as per own risk & reward. Short term targets have been mentioned. Longby TradersHunt3