Keep An Eye - Breakout Soon - OIL📊 Script: OIL
📊 Sector: Crude Oil & Natural Gas
📊 Industry: Oil Drilling / Allied Services
Key highlights: 💡⚡
📈 Script is trading near at its resistance level which is 645.
📈 Script should give closing above 645 level so that we can see good rally.
📈 Script is trading at upper band of BB.
📈 MACD and Double Moving Averages are giving crossover.
📈 Right now RSI is around 59.
📈 One can go for Swing Trade only above 645.
BUY ONLY ABOVE 645.
⏱️ C.M.P 📑💰- 636
🟢 Target 🎯🏆 - 691
⚠️ Stoploss ☠️🚫 - 625
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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J-OIL
Crude Oil Week April 29 to May 03
Time Frame: 1 Day
1. Rejection candles from Support zone and 50 EMA. Price has not allowed to break these key levels
2. Previous trend is bullish. Level breakout and under retracement
3. 50 and 200 EMA golden crossover
Time Frame: 4 Hr
Crude oil has bounced from previous key level(Resistance converted to support zone)
1. Trend is Bullish
2. Filled FVG and taken support for 50 EMA
3. Bounced from 200 EMA.
Entry above : 7046
Target: 7257 ( 211 Points)
Stoploss:6916 (130 Points)
USOIL is ready to rock🚀US Oil is at important zone formation of Descending triangle pattern. If this sustain near Support then we can see a good upside move if break then see a huge fall. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature
USOIL is ready to rockUS Oil is at important zone formation of pole and flag pattern.If this sustain then we can see a good move. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature
Best buying level in Asian Paints !Asian Paints stock is making ascending triangle and in the pattern stock is making falling channel
Also Wekkly RSI is around the support which says we are around the support
Stock has strong support around 2800-2850
Also stock never breaks the weekly strucuture
we can see huge bounce from these levels
One can expect to give returns of 30-40% in coming weeks
Thank You !!
Saudi Aramco Short Term ViewTADAWUL:2222
SAUDI ARAMCO breaks out of parallel channel after completing wave 3 extension.
Now I think it's in wave 4 the ideal correction measure for wave 4 is 38.2% of wave 3. maximum is 50% of wave 3. In this case it's possible that stock will correct to near 50%.
Now why 50% I'm saying is because there is strong support created on 14 jul 2022 at near 31.20 which will act as support.
See my next analysis for LONG TERM view.
OIL | Investment Pick📊 DETAILS
Sector: Oil Exploration and Production
Mkt Cap: 38,539 cr
Oil India Ltd is engaged in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P related services for oil blocks.
TTM PE : 6.56 (High PE)
Sector PE : 7.62
Beta : 0.77
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
1.51% away from 52 week high
Outperformer - Oil India up by 9.75% v/s NIFTY 50 up by 9.39% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Oil India Limited - Long Setup, Move is ON...#OIL trading above Resistance of 502
Next Resistance is at 774
Support is at 334
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IOC - Add to WatchlistIndian Oil Corporation Limited is engaged in refining business. The Company's segments include Sale of Petroleum Products, Sale of Petrochemicals and Other businesses.
TTM EPS: 17.36
TTM PE: 5.43
P/B: 1.00
Mkt Cap (Rs. Cr.): 133,022
Dividend Yield: 3.19
Sector PE: 30.01
Book Value Per Share: 94.73
Some Positives:
Strong Momentum: Price above short, medium and long term moving averages
Growth in Net Profit with increasing Profit Margin (QoQ)
Increasing profits every quarter for the past 3 quarters
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Recent Results : Growth in Operating Profit with increase in operating margins (YoY)
Some Negatives:
MFs decreased their shareholding last quarter
Inefficient use of shareholder funds - ROE declining in the last 2 years
Declining Revenue every quarter for the past 4 quarters
Declining Net Cash Flow : Companies not able to generate net cash
My Opinion: I am positive on PSU Oil and Gas.
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
OIL - Bullish Consolidation with VolumesNSE: OIL is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
CRUDE OIL Intraday TargetsCRUDE has fallen a lot to the 70 levels. We have seen some relief today
Downside : if breaks the Trendlyne with closing below 70 then we can see the day low and if breaks the the day low then 67.40 is possible
Upside : If 15 minute candle closes above 70.49 then we can see good upside with Targets 71.50 and after that 73.00
Asian Paints : Multibagger IdeaExciting Bullish Pattern Alert! 🐂
📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: ASIANPAINT
🔍 Description: Stock is in a pattern formation. Support is around 2850-2900 and we can see huge upside after breakout of the resistance.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Unlocking Opportunity: Soybean Oil's Reversal Sparks InterestSoybean Oil Futures Analysis:
Current Price: $52.71
Soybean oil has consistently been an appealing asset, having traded near the year's high just six months ago. Recently, the commodity experienced a notable downtrend, dropping from $64.80 to $48.01. However, a modest upward movement is now observable.
Upon closer examination, we identify a change in character within the market dynamics. We are strategically considering a buy position for the oil script, setting a risky stop loss at $50, and a broader stop loss at $48. Despite existing chart resistance, our expectation is for the price to reach $60.80 and beyond.
It's important to note potential resistance points, as indicated on the chart. Additionally, should the price manage to breach and sustain $64.80, a significant and sustained rally could unfold over an extended period.
Please be aware that this analysis is for informational purposes only and does not recommend replicating the same trading strategy.
Happy Investing!
Saudi Aramco Long Term ViewTADAWUL:2222
SAUDI ARAMCO clean structure on chart. Extended wave 3 is completed. Now stock is on correction in wave 4
I think stock will take few more weeks to complete the wave 4 correction.
Now I think there are more than 2 possibilities. I have shown 2 possibilities in chart.
1) First possibility is that stock is in wave 1 of extended wave 3. Red Arrow is shown on chart is showing that stock will break all time high level. It means that it's in wave 3.
2) Second possibility is shown with green arrow in chart. That stock is in complex correction and it's in wave X. If it's in wave X then labelling will be different which I not shown in chart.
I will update regularly if corrections are needed for labeling.