Oil India - At support!Price action has taken support. Buy above 216 with the stop loss of 213. Targets are 220, 224 and 228.
OIL trade ideas
Oil India - Symmetric triangle break outNSE:OIL Symmetric triangle break out with volume
Go long above - 353.60
T1 - 366.40
T2 - 388.20
SL - 330.45
Classical Rectangle Pattern !The stock is moving in the Rectangle nicely so one can buy at the bottom and reverse the trade in case it does not sustain and breaks out of the channel.
Oil India: Channel Breakout potential tradeOil India
CMP 381.50
The view is mentioned in the chart...!!!
Additional info
Price to Earning Ratio: 11.2
Dividend yield: 3.73%
Take care & safe trading...!!!
Oil India - At its key resistanceNSE:OIL after a steller run is being consolidating for past 2 months and now it is near to its key resistance. Breaking above 377 will trigger a massive upside move.
Long above 379.80
T1 - 401.60
T2 - 416.52
SL - 360.40
Expecting Breakout for long swing trade,Buy Oil india at 385 buy at or above=385
target=400,438,482
sl=340,365,395
taking support at gann level and fibonacci level,
supporting elliot theory,
high resistance breakout,
profitable for long swing trade
Triple Top Breakout in OIL INDIA..BUY above 380 for 405Triple Top Breakout in OIL INDIA..BUY above 380 for 405
OIL shortGlobal crude prices are increasing creating pressure on oil companies
OIL short idea based on S&R. script trading at it's resistance level
Bearish Candle pattern also indicates reversal
Once can short 360CE with stop loss as described
Sell on Rise The stock have is heading down ward , it may enter small up side pull back , I am looking to sell on rise
for Target
Regards
OIL India is short here.Stochastic @ overbought level. Now Bearish engulfing candle. Short with stop loss of 10 Points (315). Target first band & second band(285/262). Good Risk Reward ratio.
OIL India - A good doom!OIL india had a good up-journey and is now ready for possible major consolidation.
OIL india generated a nice bearish engulf followed by a sense of confusion in the stock
Short OIL India
CMP - 350
Short below 345 (risk takers can short right away)
Target - 339 / 323 / 295
SL - 360 (people who are looking for smaller SL can keep it at 355)
Long This stock is technically in medium range bond , Just looking to buy on open for target of 355+ if price brakes the range then its going to make another 3% move
Lets see how it unfolds
Regards
Oil India Bearish BatOil India has formed a Bearish Bat
It has Form Hammer Pattern today so i feel i might retrace little upwards
So short above 357
T1 - 335
T2 - 320.5
T3 - 296
SL 365
Bearish Bat Harmonic Pattern on daily chartBearish Bat Harmonic Pattern on daily chart.
Expected level 340-335 sl 360
Oil India Short SetupOil India.. has formed an evening star pattern and that too at the top line of the pitchfork ... Previously it fell down from the same levels of 335-340.. this zone is acting as a supply zone .. now if it fails below 323.1. it might slip towards the median line ...
one can expect levels of 305-296.. if it fails to take out 335-340 supply zone with volumes...
286 would act as a strong support zone ..
OIL India Short setupOil India.. has formed an evening star pattern and that too at the top line of the pitchfork... Previously it fell down from the same levels of 335-340.. this zone is acting as a supply zone.. now if it fails below 323.1. it might slip towards the median line...
one can expect levels of 305-296.. if it fails to take out 335-340 supply zone with volumes...
286 would act as a strong support zone..
