Ascending Triangle on USOIL and it will break on upside. Trade: Buy - 47.30 Target 1 - 48.00 Target 2 - 48.90 Stop loss - 46.20
Cup and Handle pattern formation on USOIL and the price will break the pattern on upside. Execute the long order and watch the movement with having hot coffee.. Trade: Buy above - 46.15 Target 1 - 47.05 Target 2 - 48.00 Stop loss - 45.45
Cup pattern formation on USOIL and it leads to break upside. Trade: Buy Zone - 46.15 to 46.30 Target Zone - 46.95 to 47.10 Stop Loss Zone - 45.79 to 45.60
OIL creat ascending triangle pattern and now perfectly breakout with huge volume so Buy stock here with sl of 264 target 281 in cash.
Bullish AB=CD Pattern on USOIL and MACD on bullish crossover on bearish trend. Trade: Buy above - 44.40 Target 1 - 44.93 Target 2 - 45.44 Stop Loss - 43.90
Why confusion - Near at Long term support levels What happens Next : It may breakout Resistance at 260 levels & 240 Levels or may bunch back.
Note on chart and thank you for your ILIKE! Trade with care!
ONGC specifically has retraced 61.8% of the rally. Considering the energy sector rallied on Friday in US session, this is likely to bump up on Monday and likely to follow through over next couple of sessions. 165 is the short term target. Leveraged trade for adventurous ones as this is expiry week. Purely a short term play though. Not buy and hold by any means.
I guess this is My first post on UsOil in Indianversion... At resistance wait for bear signs & Go short, We are aware how volatile commodity markets are, Risk is yours !
THERMAX Stock price has broken the crucial resistance around 945 - 960 on the weekly charts. Short term moving average has Placed above the long term moving averages and It has been created a long term trend reversal on Weekly Charts. MACD oscillator has showing strength and Trading above its signal and equilibrium line. So One can Initiate a Long Position in ...
Natural Gas would go down towards 2.146 for Wave C correction. Stop Loss can be just above the highs.
A Bullish Harami Cross pattern has been observed in daily charts of ONGC stock. It is a good bullish reversal pattern, which is even more significant than a regular Bullish Harami. Recognition Criteria 1. The market is characterized by a prevailing downtrend. 2. A red body is observed on the first day. 3. The Doji that is formed on the second day is completely...
Oil is showing signs of exhaustion on 30 mins chart at current levels of 50.13. Trendline break plus negative divergence on RSI makes it a good short term short bet for target of 49.40. Keep strict stop loss @ 50.55
Although i am having a shorter side bias in crude oil BUT ..... A word of caution - Trade with a strict stop loss, at least till it confirms the move by breaking the uptrending line on daily closing basis.
It is been observed that the price action is consolidating in a sideway correction and now, it has formed a bullish candlestick pattern indicating a bullish move ahead. It shall be a starting of another new wave or rally to upside. Short Term: Target: 44.50 Stoploss: 42.50 Mid-term: Target: 50 Stoploss: 42 Regards