US OIL 1D CANDLE STRONG RESISTANCEUS OIL 1D candle Strong Resistance at 66.32 from 2019
Current market trying to break this level from March
This idea is only for educational purpose.
A man who masters patience masters everything else.
Oil
CRUDEIf weekly close is above black horizontal line then crude may go up further from the current level...
INDIAN OIL CORPORATION LONGAs the chart shows, Indian Oil Corporation has given a BREAKOUT from a 3 year old resistance. (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: CMP (111-112)
Target 1: 127.50
Target 2: 144.50
Target 3: 155.50
STOP LOSS: 102
TRAIL STOP LOSS
VOLUMES ARE TOO GOOD!!
Risk-Reward Ratio favorable
I would recommend a long swing trade.
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#ONGC #TIDEWATER #OIL #IOC #HINDPETRO #BPCL #DIESEL #PETROL #IT#ONGC
NSE: ONGC
CMP 117.60
Target 130+
Time frame < 2 months
Factors:
Petroleum sector booming
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 130 in longer time.
PEER COMPARISONS:
NSE: ONGC
NSE: TIDEWATER
NSE: IOC
NSE: OIL
NSE: HINDPETRO
NSE: BPCL
NSE: PETRONET
NSE: SUPPETRO
NSE: CHENNPETRO
NSE: RELIANCE
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With 💚 from Rachit Sethia
US OIL ascending triangle breakoutAnalysis of US oil in 30 mins time frame
Breakout initiated, retesting took place for LONG
Self explanatory chart
For educational purpose.
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Trade at your own risk
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TIDE WATER OIL 13000++TargetAs we can this stock break its 5 Years All time High and there is some news in this stock regarding Bonus,Splits,Dividend company Giving to there share holders and we can see targets of 13000++ in coming week.
Buy for Quick Target of 10500...then 13000..
Castrol India - Rectangular Breakout above 135Entry – CMP ie 135 (Breakout was 134.9)
Stop loss – 129 or 114 (Deep Stop) (135. 05 if Price Runs up above 152.5)
Target 1 - 177
Target 2 – 194.2
Target 3 – 220.25
Duration - 3 - 5 years
Co has well established network of Engine Oil and Good Brand Value Products in this segment.
Fundamentals are decent with dividend yield of 2.2%.
Co has been Debt Free for years.
Top line and bottom line is showing consistent growth.
Technically Stock is showing Breakout from its Accumulation Zone. Rectangular Breakout on its Weekly Chart hence higher levels can be seen.
Trend line breakout seen on Monthly Chart.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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Ascending to new high?Ascending triangle kind of pattern is emerging with higher lows former on the lower end of slope. It gives strong support to idea that once it gives close above swing high resistance then next level could be 5700+. All EMAs are rising. Swing low will be the sl or close below the lower end of slope will be exit point.
Disc : it's not an investment advice to buy or sell
US OIl fueling itself before rallyA decisive break in of US OIL of 67 level can resume the uptrend. Gonna blast above that!
Short CrudeCrude has breached daily pivot and now heading lower. Opened gap up and now ready to fill the gap and go down. Keep a SL above today’s high.
CRUDE OIL EXPECTED TO FORM ABCD IN 2 HR TIMEFRAMEAs you can see Crude oil in uptrend, if not break 4840 in forthcoming sessions, it may fall till 4586 to complete ABCD pattern and can get a reversal PRZ there in coming week. It is just for a view
Crude - Live Trade 12 May 2021 (RSI Convergance)Execute Short below 4850 if the RSI and price breaks the trendline downside with 15 mins candle close for a target of 65 points minimum.
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Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
