Gulf Oil cmp 1153.65 by Weekly Chart viewGulf Oil cmp 1153.65 by Weekly Chart view
- Support Zone at 1060 to 1100 Price Band
- Bullish Head & Shoulder made over 8 year's long timeframe
- Weekly Support at 1000 > 875 > 680 with Resistance at 1310 > ATH 1513.55
- Stock had briefly broken down the Support Zone but recovered over last 2 weeks
- Seems like the stock is picking up and closing above the Support Zone since 26th November is a positive outcome
Gulfoillubricant
YR 2022 Idea #126: Long on GULFOILLUBThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.