Global 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
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
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 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)
Oil 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 chart. Expected level 340-335 sl 360
Oil 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...
Oil 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...
OIL to move up from current position. Lagging Span in Ichimoku moved above its resistance giving indication for further upmove. Target 1 : 328 Target 2 : 340
OIL: Now in case of OIL you can see a ascending channel breakout on up side but now questions is, Oil going to stay above that breakout level or not? Now CMF showing that a clear buy volume above that level and RSI also break 60 level after long time and along with if can put 200 EMA you can get another confirmation for clear buy for hold until 340 level come....
OIL price action has given a breakdown from short term support at 277, retesting the support level target for 268 and 264 keep stop loss above 284.
As we can see OIL has given break-out from Cup&handle pattern Its 8 day delivery average is 53%. As well as today's open interest change in around 3.69% which show large numbers of long positions. MACD is positive. Considering all the facts and numbers one can take long positions for this series TGT:310-330 SL:280 Please take note I am not SEBI registered...
OIL creat ascending triangle pattern and now perfectly breakout with huge volume so Buy stock here with sl of 264 target 281 in cash.
weekly 200 EMA support and flag structure. SL 315 for target of 500
OIL IGL Combo OIL: Technically OverSOLD & 0.618 Fib Retracement. LONG OIL: LTP @ 293.4 More : @ 287- TGT: @ 299.2, @ 305.3, @ 312.2, @ 318.4 , @ 325, @ 332+ Sl: @ 280- (by Closing) IGL: Technically OVERBOUGHT & made recent HIGH at 1.618 Fib Extension SHORT IGL: LTP @ 1097.5 More: @ 1111+ TGT: 1082, @ 1074, @ 1067, @ 1060 (BOUNCE Zone), @ 1050, @ 1038 , @...
stock is trading inside a narrow range from feb. in verge of break down from that range chances of a pull back is not ruled out hence sell below the sideways channel (closing price) for targets towards 316/313/309