Oil India Stock has taken support at 460 on 50 Ema weekly basis.
Also its under process of forming W pattern on daily basis.
Any brake out at 536 level on closing basis will open upside move to 600 level.
OIL trade ideas
Swing This chart shows the daily price movement of Oil India Ltd (OIL) with key technical analysis elements:
Analysis:
Trendline Breakout:
The orange descending trendline represents a downtrend. The current price has broken above this line, indicating a potential reversal of the bearish trend.
Support Level (₹463.75):
The lower horizontal line around ₹463.75 serves as a strong support, where buyers have consistently entered the market to prevent further declines.
Resistance Level (₹538.20):
The upper horizontal line at ₹538.20 acts as resistance, where the price has faced selling pressure in the past.
Current Price Action (₹507.15):
The price is currently at ₹507.15, showing a strong 4.34% gain today, with increased bullish momentum.
Volume:
The volume bar shows moderate trading activity, supporting the breakout.
Key Insights:
The breakout above the downtrend line suggests bullish momentum.
If the price sustains above ₹507.15, it could aim for ₹538.20 resistance.
A rejection could lead to a retest of the ₹463.75 support.
Recommendation:
Monitor for sustained movement above the trendline and watch the ₹538.20 resistance for further confirmation of a trend reversal.
OIL INDIA LTDOil India Ltd #OIL
Resistance 530. Watching above 531 for upside movement...
Support area 520. Below 525-520 ignoring upside momentum for intraday
Support 520.Watching below 519 for downside movement...
Resistance area 530
Above 525-530 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Oil India Cmp 584.55 by Daily Chart views*Oil India Cmp 584.55 by Daily Chart views
- Support Zone 535 to 545 Price Band
- Resistance Zone 615 to 625 Price Band
- Volumes are flattish need to increase for a fresh upside
- Daily basis Support at 545 > 498 > 455 with Resistance at 625 > 668 > 704
- Breakout from the Falling Price Channel and attempts to cross the Falling Resistance Trendline
oil longAs per my view oil has a long way to go to reach its destiny
FVG retest done and will have to take reversal as per SMC.
weekly RSI weeekly on reversal. momentum starts after 645
oil in looking good for intraday last 4 days candle making inside bar if its break previous candle we inter in trade.
on for intraday move.
Break of a Support Trendline.It Recently Broke Below it's Long term Support Trendline, Do Not Take Entry in FOMO Expecting it has Become Cheaper, it has been faster than a Jet in Past few weeks, it might see some continued correction. wait for a proper reversal formation before taking entry.
Parallel ChannelGood volume buildup in daily and weekly time frame.
Parallel channel breakout with good volume.
NOTE: I do my analysis do yours before trade.
OIL F&P BREAKOUT WCBOIL breaking f&p pattern
on weekly basis with good volume
and rsi, macd crossover done
#target 580 soon
EDUCATIONAL IDEA
OIL India, excellent bet for next 2 yearsClose ur eyes and trust me, it is going to give u 80-90% in next 2 years.
and remember the 8-10% ROI as dividend per year.
inv h&S formed on weekly charts, and target are big, very big.
OIL - Triangle pattern breakout - 10% upside potentialOIL is giving triangle pattern breakout from 650 resistance levels.
SL: 650
Target : 725+
Note: It has positive news on bonus isssue.
OIL INDIA- Breakout soon candidate Ascending Triangle Breakout Setup
RSI near 65 and rising
Trading above EMA50
Enter after confirmation
Disc: for study, not a recommendation
Keep An Eye - Breakout Soon - OIL📊 Script: OIL
📊 Sector: Crude Oil & Natural Gas
📊 Industry: Oil Drilling / Allied Services
Key highlights: 💡⚡
📈 Script is trading near at its resistance level which is 645.
📈 Script should give closing above 645 level so that we can see good rally.
📈 Script is trading at upper band of BB.
📈 MACD and Double Moving Averages are giving crossover.
📈 Right now RSI is around 59.
📈 One can go for Swing Trade only above 645.
BUY ONLY ABOVE 645.
⏱️ C.M.P 📑💰- 636
🟢 Target 🎯🏆 - 691
⚠️ Stoploss ☠️🚫 - 625
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
OIL india Long Long Oil India 634 SL 620 Swing
I am looking at this stock and the stock has spent a considerable amount of time in the base as shown. I trade with a specific pattern known as volatility contraction pattern. I am expecting a similar moment as shown with the yellow marker. Traders can get in this. I expect the stock to cross 700 next very soon.
Oil India daily CMP 630Ascending Triangle pattern on daily charts
Looks set for a good upside post breakout of 650 levels
Support at 600
Oil india1.Moving averages
- 21 Ema above 50
-50 Ema above 200
-Gap between Ema seems better
2.uptrend continues observed
3.Good pivot levels
OIL Long Term Buy OpportunityOIL India has broken >10 year high and presents a good long term buy opportunity
OIL | Investment Pick📊 DETAILS
Sector: Oil Exploration and Production
Mkt Cap: 38,539 cr
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.
TTM PE : 6.56 (High PE)
Sector PE : 7.62
Beta : 0.77
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
1.51% away from 52 week high
Outperformer - Oil India up by 9.75% v/s NIFTY 50 up by 9.39% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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OIL INDIA LIMITED ( EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS}
OIL INDIA LIMITED
Target: RS 592
CMP: RS 563.15
ENTRY RANGE: 557-568
STOP LOSS: RS 450
Disclaimer: I am not Sebi Registered.
Oil India Limited - Long Setup, Move is ON...#OIL trading above Resistance of 502
Next Resistance is at 774
Support is at 334
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MULTI YEAR BREAKOUT WITH GOOD VOLUMES.Multi year breakout with good volumes. Stock consolidated for a while before giving breakout.
