OIL INDIA LTDLong
Flag Pattern Break Out in Oil India Ltd.
Date: 11-Jan-2022
Rating: Buy
LTP: Rs. 213
Target: Rs. 248-->266
SL: Follow the trailing SL indicated by the moving averages.
Oil India Ltd. broke out from the Flag pattern at current secondary trend with higher volume. 7D EMA has crossed over 13D and 26D EMA. MACD has crossed over to buy zone. RSI is above 50 level and had created a positive divergence, suggesting the up trend from here.
Disclaimer: Investing in stock market is very risky. One should do a self analysis and validation before investing in stock market.
Rating: Buy
LTP: Rs. 213
Target: Rs. 248-->266
SL: Follow the trailing SL indicated by the moving averages.
Oil India Ltd. broke out from the Flag pattern at current secondary trend with higher volume. 7D EMA has crossed over 13D and 26D EMA. MACD has crossed over to buy zone. RSI is above 50 level and had created a positive divergence, suggesting the up trend from here.Disclaimer: Investing in stock market is very risky. One should do a self analysis and validation before investing in stock market.
Disclaimer
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