Deepaks43

Watch Out! Cautious ! May go either ways

Long
Deepaks43 Updated   
NSE:OIL   OIL INDIA LTD
Long term trends indicate that the stock may move up while short term trends disagree.
Now in the transistion zone. Lets see where it pans out.
Will depend a lot on oil prices in the market.
Watch the triangle!

What is your call on Oil India?
Please comment
Comment:
Still in the positive zone after 2 weeks
Comment:
Gone to the negataive zone.
Comment:
There is support on the trendline as it can be seen that there is a spinning top like formation. Expecting upward movement till 210 levels in coming weeks

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.