oilindia

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anuragcoma15 anuragcoma15 PRO OIL, D, Short ,
OIL: OIL India - A good doom!
84 0 6
OIL, D Short
OIL India - A good doom!

OIL india had a good up-journey and is now ready for possible major consolidation. OIL india generated a nice bearish engulf followed by a sense of confusion in the stock Short OIL India CMP - 350 Short below 345 (risk takers can short right away) Target - 339 / 323 / 295 SL - 360 (people who are looking for smaller SL can keep it at 355)

bibz4trade bibz4trade OIL, D, Short ,
OIL: OIL INDIA
54 0 5
OIL, D Short
OIL INDIA

Hi Guys, Daily chart of BSE:OIL ,wait for the testing of upper trend line if it holds its time to sell. Bibin

bbrijesh bbrijesh OIL, D, Long ,
OIL: Oil India - Ready for rally
188 1 6
OIL, D Long
Oil India - Ready for rally

An inversely related stock price action to index has witnessed a strong rally of ~40% since March 2016. After a small pause (consolidation), the price are showing sign of breakout. Looking at the RSI (Relative Strength Index), the breakout from falling trendline and bullish crossover on MACD indicates price is ready for the rally towards 460-500.

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