Crude oil has been trading within a broadening pattern and we will be looking forward to grab the next move depending on the price action. Currently its at the megaphone resistance. We will wait and watch for now and take a position based on the current candle close
Folks , Lets have planned small risk trade. Buy 310 March call @ 3.1 Sell 320 March call @ 2 Max risk is 1.1 Rs per lot (2200 is lot size) i.e 2500 is our risk . You need capital of 1 lakh for this trade, if you don't have it , this is not for you. Don't over leverage and buy 10 lots of 320 strike , bcas 320 call is available for 2 rs . See calls are...
Please refer the chart for analysis. Thanks.
Natural Gas (NATGASUSD) has been forming classic broadening bottom We will wait for a right opportunity to go short once price touches the broadening bottom bottom and a throwback happens.
For targets of 1160 1180 bullish on the stock as despite selling in all counters the stock was successful in holding 1125 levels!
Short Crude oil at CMP (58.35) T1: 57.50 SL: 59.15
Short USOIL below $63 T1: $61 T2: $59 SL: $64.5
The stock is moving in the Rectangle nicely so one can buy at the bottom and reverse the trade in case it does not sustain and breaks out of the channel.
will like to go long in reliance for targets of 1027 ! still a good upside i see in the stock but keeping a stoploss @ 949...
Crude Oil could be a good buy between $63.90-$63.60 SL below $63 Targets $67.50-$69 Tiny risk for a huge reward!
Short NATGASUSD below 3.092 T1: 3.060 T2: 3.000 T3: 2.950 SL: 3.126
Brent Crude-Shorting Opportunity Low risk high reward short trade coming in this. Good to short near 68-69.5 with SL above 71 for target 62-58
will like to go long in BPCL on monday as see it as a low risk but good return kind of stock . corrected enough , possibly i might go 100 % correct
reliance has to give a pull back ..if it fails a downslide in nifty can be observed
IOC is taking a support at ~387 thought difficult to get a actual support line. But based on the chart this was a Resistance level and now is acting as support. For the short term the tops are getting lower and lower. The wedge formation has to end. the wedge started with a upward move hence it should move up once the wedge is over. Also rising oil prices is...
It has been observed that the price action corrected sharply from the 340-320 levels and deeply went down to the previous support zone at 200-210 levels where now buyers coming and volumes increasing. Overall, indicating an upward move ahead. It is a sound company fundamentally with profit growth of 43% for last 5years. Currently, trading at low P/E. T1- 270...
Observations from the chart - WTI Crude trading in up trend channel since last 1 month - 20 day EMA crossover above 50 day EMA and 200 day EMA - 50 day EMA crossover above 200 day EMA Based on the observations we feel: WTI Crude to be in positive territory & If channel trade is to continue there seems to be good opportunity to go long for target of 54-55...