Oil India Short and Mid term viewRefer above chart. MACD,CCI,&Stochastic will help to further move on upward direction. PSAR also turns sell to buy condition. Breakout also done in a Parallel channel.
Vijayaraghavan,
Kovilpatti.
Oilindia
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)
OIL INDIAHi Guys,
Daily chart of BSE:OIL ,wait for the testing of upper trend line if it holds its time to sell.
Bibin
Oil India - Ready for rallyAn 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.
