VICKY4421
Long

LONG POSITION IN OIL

NSE:OIL   OIL INDIA LTD
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

Comments

good analysis
+1 Reply
VICKY4421 gg260280
@gg260280, tnx
Reply
excellent.
+1 Reply
VICKY4421 Kinnari_Prajapati
@Kinnari_Prajapati, Thank you for appreciation . Please review and comment if I am doing any thing wrong.
Reply
@VICKY4421, you are doing great.
+1 Reply
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