OIL : A good stock to kept under your radar

Oil India is engaged in exploration, development and production of crude oil & natural gas, production of LPG, transportation of crude oil & natural gas and generation of renewable energy. The Stock is stuck in a range forming a symmetrical triangle where the bottoms are getting higher and higher and we may see a break out very soon. Due to high consolidation , the breakout may lead to a sharp increase in the value of the stock in a very short span of time. Hope we see this break out today itself. The entry level is 263 with stop loss of 254.53

My Targets for this stock are 297.85 , 331.40 and 374.05

Please remember , this analysis is only for education purpose and does not carry any TIP to buy or sell the stock. Please make your own analysis and invest accordingly.

Good Luck !!!


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