Indian Oil Corporation has formed triple top and now tested the support zone thrice in last 4 months. If stock breaks 90 then aim for targets of 88.25, 87.50 & 84.50 next week On the other hand if stock bounces from support and breaks 92.50 then aim 94.70, 96.70 and 97.50 in next wekk P.S. --- This stock is not good for Intraday so consider only swing
MCX Natural gas has made head and shoulders patterns on the weekly timeframe. And the two shoulders are overlapping. Sell confirmation is line breakout. Recently, it has broken 200 moving average. If it shows closing price below the neckline and 200 MA consecutively, NG will fall nonstop. X and Y are the formation's size. Here is the value of x 100 and y 74....
USOIL LOOKING BEARISH LETS SEE CHEERS!
Change of trend Buy at or above 122.65 Stop Loss at 117.70 Target 132/136
Price trading near the resistance level and if the price closes above the resistance levels then one can expect big up movement. Wait for the opportunity.
Brent oil’s bounce-off early February low has a bumpy road ahead as 200-SMA joins the previous support line from February 19 to challenge the commodity buyers around $65.00. Even if the black-gold prices conquer the $65.00 hurdle, March 10 low and February 25 top, respectively around $67.00 and $67.70 could test the oil bulls. It should also be noted that bearish...
MCX Crude oil can go down for a retracement value of 0.236 in the upcoming days. So, intraday traders can set the following targets to make some money: 4560 - 4500 - 4460 - 4400 But, if brent oil breaks $66.60 upside, then change your position for the following targets: 4800 - 4880+ Refer to the recently published NYMEX Brent Oil Futures article:
Here, I have used MA , RSI , VOL , & DMI to identify the next move of Brent Oil. According to those indicators, it seems bullish ahead. We may see the following targets soon: $68.8 - $69.8 - $71+ But, if brent crude oil breaks the hurdle ( $66.60 ) and shows a closing price below it, we will see a heavy downfall. Targets: $64.6 - $62.8 and below
Crude Levels...22/03/2021 (1hr Candle)
The Crude Oil Futures have taken a beating for quite some time now, and it is time for quick recovery. The descending triangle is making a base around very very strong support at 4250. If the price moves sideways or breaks the downtrend, we can keep the SL as on the chart and go for the targets mentioned on the chart. When you trail, always keep your trailing SL...
Wait for the breakout to enter long for intraday only. 2:1 reward ratio.
BIGGER PICTURE OF CRUDE OIL ---- AS PER ELLIOT WAVE Crude oil has been in corrective mode since July 2008. I had 4 hurdles for crude oil to breach itself to go towards its life time peak...By the time I m posting this...its already through with the 3rd hurdle... CASE 1: If crude oil unfolds into motive wave sequence(1-2-3-4-5) and also breaches key level for...
Buy Bpcl At Cmp 449.85 & On Dips To 430-435 Strict SL - 417 (DCB) Target - 481/500/525+++
On the verge of breaking the support Sell on break of support with volume & pullback (below 4625 only)
Small Trade for target of about 1.3 points Entry @ CMP (185.3) SL: 184.8 TGT: 186.5-186.6
Petronet trading close to its hourly strong support... Buy between 236-237 for Target 242/245 with stop loss 234 Risk /Reward=1:2.5....notice-Rsi indicator also gets reversed from the level of 30 on 4hours chart,((short term target 254/258 with same stop loss...time 10-12 days max)).. This is my personal view and does not guarantee any success, so pls do your own...