impact16

Oil India Short Setup

NSE:OIL   OIL INDIA LTD
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 ..
Comment: Oil India behaved Perfectly as analysed. hit a low of 309.. at median line...
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