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Oilindia

Oil India - Levels to watchAs we have seen stock respecting demand and supply zone most numbers of times Currently stock is stuck between a strong demand and supply zone Also it has been trending in a lower channel As of now we have a high area of confluence where supply zone meets the upper channel It can most probably act as resistance Downside we have a demand zone too So area of resistance becomes 448 - 450 Area of support becomes 395 - 400 As of now at the current price, it can also be a good straddle candidate Or can wait to reach any side edge to trade
NSE:OIL
by Vishy5
OIL bullish for short term upside to 550Hello Everyone, Have spotted a bullish pattern on the chart that can take the prices to 510-550 in the short while. Points to note: > Out of all, Oil sector is showing some strength. > OIL has seen recovery for the current support levels multiple times in the past. > Trading above 100EMA with good volumes. > Hammer spotted Important leves: Support: 464 Resistence: 450 Entry Levels: 485-490 Exit Levels: 464 or trail with EMA 100 once it breaches 500 levels. Risk to Reward: Optimal Entry 485 – Target 550 = Almost 3x Reward to Risk
NSE:OILLong
by madhubansal
4
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
NSE:OILLong
by BrahmaBull31
Oil India ready for the uptrend!🤩💸🔥Buy Oil India for Positional Trading as well as Investment.💸🔥💸 Comment your views‼️😄 . 💡About Company: 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. . 💡Revenue Breakup: Presently, the sale of crude oil accounts for ~76% of revenues, followed by Natural Gas (18%), transportation (pipeline) (~3%) and others (3%). . ✔️ Technically & Fundamentally Strong💪💪 . ‼️ The stock had given a multi-year breakout in September 2021 and then it was in a retracement phase. Now with the completion of the retracement which is evident by the Higher high and Higher low formation, we can expect a strong uptrend from current levels. . 💎@technofunda_trader⁠ Few Important rules from my Trading Philosophy:⁠ 1. Don't compromise on the quality of stock. 2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues. 3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%. 4. Build position gradually as the stock rises. ⁠5. Trade in the direction of the bigger trend. 6. Ride the trend, don't sell your winners early. . Like, Comment & Share 😄😄😄
NSE:OILLong
by technofunda_trader
1