LONG POSITION IN OIL
OIL INDIA LTD IS A FUNDAMENTALLY STRONG COMPANY WHICH HAS THE VALUATION OF 153 FOR THE YEAR
TECHNICAL REASONS TO BUY OIL -
1 - OIL ACHIEVED ITS TARGET ON SHORT SIDE WHICH IS 77
2 - ON NEXT WEEK WE CAN SEE EXTRAORDINARY HUGE VOLUME + DOJI WHICH WE CAN SAY BUYING VOLUME
3 - RSI OVERBOUGHT
4 - PRICE AT BOTTOM OF THE DOWNTREND CHANNEL
BUY FOR THE OIL FOR THE TARGET OF 147-153 WHICH IS ONLY 38% OF DOWN SWING AND THE CHANGE IN POLARITY RESISTANCE WITH THE SL OF 63 WHICH GIVES MORE THAN 1:3 RATIO
TECHNICAL REASONS TO BUY OIL -
1 - OIL ACHIEVED ITS TARGET ON SHORT SIDE WHICH IS 77
2 - ON NEXT WEEK WE CAN SEE EXTRAORDINARY HUGE VOLUME + DOJI WHICH WE CAN SAY BUYING VOLUME
3 - RSI OVERBOUGHT
4 - PRICE AT BOTTOM OF THE DOWNTREND CHANNEL
BUY FOR THE OIL FOR THE TARGET OF 147-153 WHICH IS ONLY 38% OF DOWN SWING AND THE CHANGE IN POLARITY RESISTANCE WITH THE SL OF 63 WHICH GIVES MORE THAN 1:3 RATIO
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