US OIL BULLISH MOMENTUM DETECTEDUS OIL faceing a trendline support on week chat
Hence a good opportunity for all forex and CFD user to grab this one
It will be bullish for more than 1 mongth
Due to week chat analysis
Hence analyse yourself for short-term trade
just buy side only
Market is bullish
So trade only buy side on your trade setup
Oil
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.
ASIANPAINTS Breaking out 1 month of consolidation . Reasons To Enter : NSE:ASIANPAINT
1. Stock about to breakout after consolidating for a almost a month .
2. Crude Oil is going down , so considering the inverse correlation between crude oil and paint stocks , we can see demand going up as oil gets cheaper .
3. Stock closing above both 50-9 EMA
4.Breakout , retest already done . Now price might go up .
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The information provided is for informational purposes only and does not constitute financial advice. Investing in the stock market carries risks, and past performance is not indicative of future results. Individuals should conduct their research, consider their risk tolerance, and seek professional advice before making investment decisions. The accuracy and completeness of the information are not guaranteed, and the authors disclaim any liability for losses incurred based on reliance on this information.
CRUDE OIL LEVELS FOR UPCOMING SESSION 03-02-2024Lots of News and Up n Down. Will More fall be there in Crude or it will Consolidate here for sometime. We will wait for inventory Data and Any news
RED SEA NEWS and WAR NEWS will have major impact on this....
Till Enjoy weekend and do your study chart and levels is here.. :)
The Tyre King MRF Done with Upside?? Then Downside Levels hereStock is down almost -9% from it's freak trade all time high 150233 dated 17 Jan. 2024
There is only strong resistance around 145800
All other unnamed green horizontal lines could be work as short term support to bounce back and profit booking from short postions.
If Green line broken down decisively then "Support becomes Resistance" theory suppose to be applied.
Disclaimer: Analysis & View are personal and for the educational purposes only. Trade at your own risk. We recommend consult your financial advisors and do your own analysis before taking any trade. Profit and Losses are subject to your own risk management and constantly changing market conditions.
CRUDEOil or USOIL . Breakout happened. Target expected is 77/78Symbol : Crudeoil or USoil
Time frame 30 min
Analysis:
Breakout happened on the resistance line with high volume. So we can expect a target of 77/78.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Available at supportHi.
Kindly read my note in chart.
Thank You.
Crudeoil is Neutral trading at current level, If it will get some crazy volatility then trend may shift to positive or negative.
Moreover we should not ignore any side breakout or breakdown.
Here is less chance to fake out or shake out.
All of mine details are subject to market risk, kindly take some advise on it from your analysists.
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
CrudeOil important levels to watch !CrudeOil important levels to watch are as follows
📍 Support: 6155
📊Sell below: 6155 only on 15 minute candle closure below the level.
📉Target 1: 6100
📉Target 2: 6050
📍 Resistance: 6225
📊 Buy Above: 6225 only on 15 minute candle closure Above the level.
📈Target 1: 6290
📈Target 2: 6355
⚡⚡ Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
CRUDE IS GOING FOR BUY crude is in buying momentum from yesterday and now as we can see it is taking rejection from the level of 75.00 and now making a range so if the range breaks then the buying level is 75.50 and remember their is a resistance at 76.00 so it's like a scalp trade. plan the trade accordingly with proper risk reward.
CRUDEOIL | Swing TradeDisclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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