Oil 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 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.
Levels as mentioned on the chart
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This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Stock Name - Oil India Limited. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness at CMP.
And More strenght will be visible above 300. Worth to keep in watch list for coming days.
#This is not Buy and Sell recommendation to any...
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- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on...
Unlike ONGC Oil India has been nicely consolidating near multiyear high levels.
If the stock breaks above 261/265 it would make for a new ATH post 2016.
The stock has all kinds of tailwinds with crude/gas prices.
Long above 265 with stoploss below 250.
Might even start by buying in 3 trenches. One at current price 30%, then again above 261 (20%) and finally...
OIL 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!
NSE:OIL shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 2: 259.45
Target 1: 244.10
Stop Loss: 220.05
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our...
As long as the price is above the upward sloping green trendline one can enter the counter... resistance is at the 52 week high level of 267 above which ATH resistance is at 335 levels....looking at the depth of the cup, the final target comes to 350-360.... as an oil producer it is in a purple patch as far as margins is considered...moreover, its stake in the...
Good earning opportunity - 20%+ in Swing Trade.
CMP: 232.95 (Good @ 235)
SL: 229
Target: 256 | 267 | 285
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my...
Oil India Ltd. operates as an investment holding company. The firm engages in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It operates through the following segments: Crude Oil, Natural Gas, LPG and Pipeline Transportation. The company was founded on February 18, 1959 and is headquartered in Noida, India.
NSE
