The meteoric rise that we have witnessed over the past two months in this counter by 80% has been nothing short of a spectacle. However, now it looks like the paint is beginning to loose its sheen and the formation of bearish harami with a trendline breakdown is hinting at a potential reversal to the downside. The momentum indicator RSI is clearly signaling serial...
Go long if it closes above today's closing with huge volume then it will try to touch 226 and then 255-260. (Cash Only)
USOIL Should break the supply zone and increase the price to the above trendline and come bank in a week time.
TVC:USOIL See break the the triagle to going up, Thank God
USOIL made a LL on the 4H and I now expect it to move lower for the C leg down.
TVC:USOIL Using supply and demand concepts
As we can see on the chart, USOIL is trying to break out of the wedge. Once its successful in doing so, we can expect a good upmove. We may look for long trades in shorter timeframes.
Crude can go up to 3872 and more...CMP 3825 .
Please like and follow to get more updates ideas.. Levels are mentioned on the chart.. Know your own risk before invest.This is just my idea not an investment advise.. Check out my other ideas too..
Crude oil 4h technical-looking weak. Bear pennant on the price itself and a rising wedge on 4h RSI both combination suggests a strong bearish sentiment. upcoming week we can witness so many stupid repeated news like economic slowdown, trump - china, Iran war, trade war,. and so many never-ending shits. so, technically we have to gauge the price where it's heading...
Buy USOIL at CMP (51.55+) T1: 58.40 T2: 60.25 T3: 63.00 T4: 66.00 SL: 50.45
clear fake out on weekly , then downturn , expecting it to go further down to $50 in coming 3-4 weeks .
TREND ANALYSIS Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for 2nd entry setup, if available then short. R:R is 8 to 15 times.
Buy USOIL between 58.7 & 57.50 T1: 63.30 T2: 65.80 T3: 69.00 T4: 72.60 SL: 53.80
Looking to Buy Adani power here due to lot of strength in the stock. Will be executing today Hare Krishna ! Good Luck