OIL trade ideas
OIL_ASCENDING_CHANNELLong above 221.20 with SL as weekly closed below 200 for target of 232 / 247 / 255.
OIL Descending triangle breakoutOIL Descending triangle breakout
4x average volume
No lower wick = powerful breakout.
Obviously it'll see some correction and retracement.
OIL IS TRENDING UP IN FALLING MARKETPOSSIBLE LONG
1) PRICE CROSS ABOVE MONTHLY RESISTANCE LEVEL
2)DIVERGENCE ON RSI AND PRICE
3) PRICE BREAKOUT OF THE TREND LINE
4)WAIT FOR SOME PULLBACK FOR BETTER ENTRY
OIL: Techno - Funda view.OIL: Dividend Yield (7.24%) >= Bank FD.
Financial details mentioned on Chart.
Long in Every Dip. Levels are: @ 204.40 - 202.3 - 197.50
T+1 Tgts: @ 209.25 - 211.20 - 213.3 - 215.70+ (for more follow FIB Levels.)
Education purpose only.
Oil Strangle Idea + WatchlistSell Oil 220 CE at 1.7
Sell Oil 200 PE at 3.9
But as 200 is very near, I will recommend to just do the call options and wait for it to touch 200. We can long it with a slight stop loss for better risk and reward game :)
I am still selling & I will continue to sell on riseThis one is Going down
No Doubt in it , i am selling Futures on every rise , but one can look for selling below 2 days low and keep trailing the stop
Target are as mentioned
oil india surprising move !looking at the structure the stock is an amazing buy for great returns with a very little risk as of now !
Oil India - Symmetric triangle near supportNSE:OIL has formed symmetric triangle at its support.
Go long above 215.85
T1 - 228.80
T2 - 247.45
SL - 202.75
not a happy chart ....not a happy chart .... as volumes are not that great...
still the chart is chart and pattern as it is......
