CMP:425
TF: Hourly
Per my earlier post, OIL India is poised to hit 470 or more. Read the details here
Price has reversed from 445 and now at 425.
410-420 is the demand zone (breakout retest) and the price has bounced off from 415 mark.
With SL below 415, this looks like a very good long opportunity now.
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
TF: Hourly
Per my earlier post, OIL India is poised to hit 470 or more. Read the details here
Price has reversed from 445 and now at 425.
410-420 is the demand zone (breakout retest) and the price has bounced off from 415 mark.
With SL below 415, this looks like a very good long opportunity now.
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Trade active
Price is trading comfortably above 430.. hoping that this leg will take out 450 and attempt 470+ in the coming sessionsTrade closed: target reached
420 to 470.. 10% move is more than enough for a week.. Closing this analysis for now.. One Good Trade :)
470-490 band is the level to watch for..
Previous supply
200 DEMA resistance
Cloud Bottom on Weekly TF
Note
470-490 is the zone of Supply... Price is now below 450.. roller coaster move .. wait for pullback to enter shorts on this counter..
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.
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.