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
Gulfoillubricanttradesetup
Cup & Handle Breakout in GULFOILLUBA Weekly Bullish Cup & Handle pattern is visible on the charts of NSE:GULFOILLUB
Cup & Handle pattern is a bullish pattern and it is visible on the charts after a meaningful consolidation in the weekly charts of NSE:GULFOILLUB
MACD gave positive crossover on daily, weekly and monthly time frame.
Levels will be posted after the successful breakout.
this study is for educational purpose only.