Company engaged in the production of crude oil and natural gas. Stock is now in a strong resistance band. Tested this band so many times and failed. Now Good volume is popping up . If it break this band then can expect a 25% movement from here.
OIL on Breakout and with good volume; above 263.5 on Friday 17th Feb for Intraday gains ------------------------------------------------------------- INTRADAY Trading Strategy based on 3 stages of a breakout: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys...
1st target is achieved in OIL. 2nd target is on the way. S.L. will be resistance line.
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose
OIL INDIA Forming CUP & Handle Pattern Can Go long With Tgt = 300 above 200 EMA
Buy above 226 tgt 242 sl 210 Logic: taking support at crucial level.
in this video a stock name oil india ltd for swing and btst
Oil India seems a good buy at this level for a target of 220 - 236 with a SL of 191. There are multiple confirmations indicating a good short term upside in the stock , so probably it may do good in this week. Detailed explanation has been given in the chart itself, Please go through. CHART & ANALYSIS ADARSH DEY
~oil India can give a descent return with attractive dividend. ~Sector is looking bullish for near term..
Stock Name - Oil India Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 225 #This is not Buy and Sell recommendation to any one. This is for education...
~OIL is about to break the box. ~Wait for conform signal and buy at break out. ~Company is provides high divt. near about 7%. ~Ex date of the current divt. is today i.e. 21/11/2022.
Trend line support not break, so you can buy above 198 ,Target-213, 245 SL-165 Only for education purpose
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistance (close above 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...
Hello Guys, Today there is a positional trade idea I'm sharing with you in OIL India Ltd. as you see the blue line it is a multi year support since the listing of the share from 2009-2014 (for almost five year) and after that it acts as a resistance for almost six years. So, it is a very crucial point that the stock is at breakout at the blue line if it ...
OIL in daily time frame,this trade is based on pure price action.
OIL stock price is range bound. When the price is moving in a range bound market, the best trades are failed breakouts.
OIL India Accumulation inside 1D and 5m Demand zone. Looks good for a long after a shakeout to grab liquidity.
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!