OIL trade ideas
OIL Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Oilfall or Rainfall: Intraday Good Shorting OpportunityThis stock is based on price action analysis...
Entry = After Support Breakout
Targets = Showed on chart
Stop LOSS = Risk should be that much only, which will not disturb you.
TRADE ONLY AFTER BREAKOUT
Bullish crossover Oil India making bullish crossover and make rising wedge pattern. wait for price action and buy above 102 target 120 sl 94
OIL INDIA - go long* might go up with the support of Q4 results
* fundamentally strong stock
* Can see a huge gain in the upcoming days
[Buddha] OIL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
LONG POSITION IN OILOIL INDIA LTD IS A FUNDAMENTALLY STRONG COMPANY WHICH HAS THE VALUATION OF 153 FOR THE YEAR
TECHNICAL REASONS TO BUY OIL -
1 - OIL ACHIEVED ITS TARGET ON SHORT SIDE WHICH IS 77
2 - ON NEXT WEEK WE CAN SEE EXTRAORDINARY HUGE VOLUME + DOJI WHICH WE CAN SAY BUYING VOLUME
3 - RSI OVERBOUGHT
4 - PRICE AT BOTTOM OF THE DOWNTREND CHANNEL
BUY FOR THE OIL FOR THE TARGET OF 147-153 WHICH IS ONLY 38% OF DOWN SWING AND THE CHANGE IN POLARITY RESISTANCE WITH THE SL OF 63 WHICH GIVES MORE THAN 1:3 RATIO
OIL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Sell...sell...sellLook at the chart it a strong downfall year over year week over week month over month and Day over day
