OIL INDIA LTD NSE:​OIL

For Education Only

Short OIL

DESCRIPTION GIVEN IN CHART. WAIT FOR THE CLEAR PRICE REJECTION.

Daily chart view

Weekly C> 177.85 required For Target 201 / 223.30

OIL india has given a bounce from the strong support zone on weekly chart from trendline & Horizontal support and also RSI has bounce from support

Buy

Oil India may be in middle of flat A-B-C correction. Can swiftly rally to 182.3/ 187 on break of 173.60. Stop below 168.50

OIL (Oil India Limited) SELL BELOW 173.75

Its ready today , Going short on open and looking to book near forecast ,

Long above 175.15 with SL 171.85 T1 175.9 T2 176.8 T3 177.4 T4 178.35 T5 178.9

Buy if the last swing high (lower high) is broken with aforesaid stop loss. Alternatively, Sell 165 PE at 2.5

CHANNEL BOTTOM TESTED FROM LAST 3 WEEKS Disclaimer: All posts/views are for educational purpose only..!! Kindly contact financial advisor before taking position/decision. Follow me at t.me -KG

mentioned on chart..

Added zig zag lines connecting Swings

Long idea based on weekend level 5 and that it has broken previous support levels

OIL (Oil India Limited) #BUY ABOVE 178.3

A swing high is always accompanied by two successive lower highs