Bullish Crude

Jul 23, 2023

🟢RSI (14) on the #CRUDE UKOil 4D chart has crossed 50 mark
🟢Crude taken support near the long term support of 70 mark.
🟢It has given buy signal at 74.60 on VSA Momentum indicator.
🟢Can go to 89/99 in up coming months. Medium term. SL-70

Jul 23, 2023

Note

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All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

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Aug 12, 2023

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Crude UKOIL trying to breakout above neckline of 87-88. If sustains above next target is 99 as displayed in the chart. Chart structure is bullish with RSI, SuperTrend, Major EMA all giving a buy.

Sep 1, 2023

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UKOil started phase 2 uptrend. First target of 89 almost achieved. 74 to 89 a very good move. Mostly on its way to 99.

Sep 16, 2023

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Nice move from 80 to 94.2. Next immediate target is 99.40/113/134. One step at a time. 113 looks possible looking at the strength of bulls.