Broken out of bearish shadowAlthough it has broken out of the bearish shadow, but will still may tend to move around the resistance line till 21st January,'21 and may go down up to a level of 745. Good time for entry at low's.
GULFOILLUB trade ideas
#GULFOILLUB WEEKLY CHART VIEW!!#GULFOILLUB WEEKLY CHART VIEW!!
Gulf Oil Corporation Ltd faced resistance from the downtrend line and 200 SMA.
Likely to see momentum breakout above swing high of 842 and looks quite strong as per technical parameters and volume setup.
200 SMA likely to act as a strong resistance for the stock in short term.
Keep a watch.
#GULFOILLUB WEEKLY CHART VIEW!!#GULFOILLUB WEEKLY CHART VIEW!!
Gulf Oil Corporation Ltd is consolidating in an Ascending Triangle pattern in the weekly chart and recently bounced from the lower line of the pattern.
Probable resistance comes at 690-705 zone.
Closing above 705 level may lead to further strength in the medium term.
Keep a watch.
#GULFOILLUB WEEKLY CHART VIEW!!#GULFOILLUB WEEKLY CHART VIEW!!
Gulf Oil Lubricants India Ltd. is consolidating in an Ascending Triangle pattern in the weekly chart and recently bounced from the lower line of the pattern.
Probable resistance comes at 690-705 zone.
Closing above 705 level may lead to further strength in the medium term.
Keep a watch.
#GULFOILLUB WEEKLY CHART VIEW!!#GULFOILLUB WEEKLY CHART VIEW!!
Gulf Oil Lubricants India Ltd. is consolidating in an Ascending Triangle pattern in the weekly chart.
It recently bounced from the lower line of the pattern.
Probable resistance comes at 690-705 zone.
Closing above 705 level may lead to further strength in the medium term.
Keep a watch.
Gulf Oil Lubricants India Ltd. - WEEKLY CHART VIEW!!Gulf Oil Lubricants India Ltd. consolidating in a symmetrical triangle pattern in the weekly chart and likely to see breakout only above swing high of 690.
Technical parameters looks neutral as of now.
Probable resistance post breakout comes at 717 and then at 735 respectively.
Keep a watch.
THIS IS MY GENERAL VIEW OF THE SCRIPT. FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP.
CONTACT ME!!
GULF OIL LUBRIC BUY CALL FOR SWING TRADERAny of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Gulf Oil Lubricants - Daily - Trendline - Support - ResistanceGulf Oil Lubricants - Daily - Trendline - Support - Resistance
1. Out of long term trendline. Seems to be in downtrend.
2. Moving average crossover (Death cross ==> 200 EMA vs 150 EMA).
3. 689 seems to be a good support for short term.
Gulf Oil - Watchlist stockAdd this stock to your watch list. Could be potentially rewarding going ahead.
Hasn't broken out but very low free float so a breakout could be powerful.
GULF OIL - WHICH DIRECTION??A PERFECT DOJI OCCURED WITH LIMITS OF 885 - 893.
BREAK TOWARDS ANY SIDE WILL GIVE THE DIRECTION.
CRUDE PRICE SHOULD BE SETTING THE DIRECTION.
