This drop will be last drop for this scrip then its Going to make Turn around for Larger Move up
One can look for trading this last drop in Future contract
Brake of the daily low hit the sell and if Move up hit again one more lot at every rise of 1 % in price this one is Going down no doubt in it
This is going up for one more move
on daily it can drop for retesting the low , one can wait for 1 Hour Green reversal or Bullish Candle to form and buy on brake of it
You can look to stay with it for target as per description in the chart
Oil India Limited is a holding company. The Company is engaged in providing crude oil and natural gas. The Company's segments include Crude Oil, Natural Gas, LPG, Pipeline Transportation and Others. It owns and operates approximately 10 drilling rigs and over 10 work-over rigs, besides charter hiring drilling rigs based on operational requirement. The Company is involved in crude oil transportation in Southeast Asia, and owns and operates approximately 1,430 kilometers of cross-country crude oil pipelines. It owns approximately 10 crude oil pumping stations and over 20 repeater stations spread across the eastern India states of Assam, West Bengal and Bihar. The Company produces approximately five million metric standard cubic meter per day (MMSCUMD) of natural gas and has a pipeline network for collection and supply of gas as fuel and feedstock to various industries, such as refineries, fertilizer and petrochemical plants, and power generation plants.
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OIL
