Oil India.. has formed an evening star pattern and that too at the top line of the pitchfork ... Previously it fell down from the same levels of 335-340.. this zone is acting as a supply zone .. now if it fails below 323.1. it might slip towards the median line ...
one can expect levels of 305-296.. if it fails to take out 335-340 supply zone with volumes...
286 would act as a strong support zone ..
one can expect levels of 305-296.. if it fails to take out 335-340 supply zone with volumes...
286 would act as a strong support zone ..
Comment:
Oil India behaved Perfectly as analysed. hit a low of 309.. at median line...