OIL India : Cup & Handle#OIL : Beautiful Volatility contraction in the form of cup & handle which can give Breakout soon
>> Good Structure
>> Good Strength & Decent Volumes
Levels mentioned on chart
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OIL trade ideas
Oil India - In a strong resistance bandCompany engaged in the production of crude oil and natural gas. Stock is now in a strong resistance band. Tested this band so many times and failed. Now Good volume is popping up . If it break this band then can expect a 25% movement from here.
OIL on Breakout; above 263.5 for Intraday on FridayOIL on Breakout and with good volume; above 263.5 on Friday 17th Feb for Intraday gains
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
OIL- 1st TARGET ACHIEVED1st target is achieved in OIL.
2nd target is on the way.
S.L. will be resistance line.
Trendline BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
OIL INDIA LTDOil India seems a good buy at this level for a target of 220 - 236 with a SL of 191. There are multiple confirmations indicating a good short term upside in the stock , so probably it may do good in this week. Detailed explanation has been given in the chart itself, Please go through.
CHART & ANALYSIS
ADARSH DEY
OIL INDIA- BUY~oil India can give a descent return with attractive dividend.
~Sector is looking bullish for near term..
OIL - Ichimoku Bullish Breakout Stock Name - Oil India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 225
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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OIL-BULLISH~OIL is about to break the box.
~Wait for conform signal and buy at break out.
~Company is provides high divt. near about 7%.
~Ex date of the current divt. is today i.e. 21/11/2022.
IEX SHORT TERM Trend line support not break, so you can buy above
198 ,Target-213, 245 SL-165
Only for education purpose
Breakdown in Oil India Limited (OIL)...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistance (close above 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.
OIL INDIA POSITIONAL BREAKOUT TRADEHello Guys, Today there is a positional trade idea I'm sharing with you in OIL India Ltd. as you see the blue line it is a multi year support since the listing of the share from 2009-2014 (for almost five year) and after that it acts as a resistance for almost six years. So, it is a very crucial point that the stock is at breakout at the blue line if it consolidate & breaks it out and make it a support line again then we should go long in the position shown in the chart. We have the following confirmations i.e,
The 50 SMA crossing above the 200 SMA its a sign of bullish crossover
MACD is also showing the formation of bullish crossover
{Disclaimer: I'm just sharing my views you can take it do your analysis and make your positions accordingly to your risk.}
OIL Target 266 SL 174. GO GO GO!!!OIL stock price is range bound.
When the price is moving in a range bound market, the best trades are failed breakouts.
OIL INIDA LongOIL India Accumulation inside 1D and 5m Demand zone.
Looks good for a long after a shakeout to grab liquidity.
OIL | BREAKOUT TRADEOIL INDIA has broken out after successful tests of important support level 220. From this level of 249.7, targets of 282 & 303 are possible, with an SL of 215.
Enter only with your own risk appetite.
Thank you & Happy trading!
OIL INDIA LTD TARGET 320OIL INDIA LTD monthly primary trend breakout. Weekly closing is in bullish mode. Next swing target 320
BUY OIL INDIAOil india (W) charts has given 7yrs breakout above 260-270 range. Buy on dips for 330/350. invalid below 250 on weekly closing basis. Oil is in blue sky zone for longer time
Oil India LtdOil 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.
