BUY OIL INDIAOil india (W) charts has given 7yrs breakout above 260-270 range. Buy on dips for 330/350. invalid below 250 on weekly closing basis. Oil is in blue sky zone for longer time
OIL trade ideas
Oil India LtdOil 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.
Clean Chart, Clean Target : OIL India LtdLevels as mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
YR 2022 Idea #63: Long on OIL This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
OIL INDIA LTD TARGET 320OIL INDIA LTD monthly primary trend breakout. Weekly upward trend breakout. Target 320
Breakout in Oil India Limited (OIL)...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
OIL - Ichimoku Bullish Breakout Stock Name - Oil India Limited. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness at CMP.
And More strenght will be visible above 300. Worth to keep in watch list for coming days.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Rule Based Investing
# Ichimoku Cloud
# Ichimoku Followers
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Buy Today, Sell Tomorrow: OILDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Cup & Handle Breakout in OIL
Buy Today, Sell Tomorrow: OIL
Oil India - Multiyear breakoutUnlike ONGC Oil India has been nicely consolidating near multiyear high levels.
If the stock breaks above 261/265 it would make for a new ATH post 2016.
The stock has all kinds of tailwinds with crude/gas prices.
Long above 265 with stoploss below 250.
Might even start by buying in 3 trenches. One at current price 30%, then again above 261 (20%) and finally above 265.
OIL INDIA LTDNSE:OIL shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 2: 259.45
Target 1: 244.10
Stop Loss: 220.05
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Oil India...tight stop loss....long ride upAs long as the price is above the upward sloping green trendline one can enter the counter... resistance is at the 52 week high level of 267 above which ATH resistance is at 335 levels....looking at the depth of the cup, the final target comes to 350-360.... as an oil producer it is in a purple patch as far as margins is considered...moreover, its stake in the refinery subsidiary has been transferred to a State Govt for some 400 crores..
OIL | Opportunity to earn 20%+ in Swing Trade !Good earning opportunity - 20%+ in Swing Trade.
CMP: 232.95 (Good @ 235)
SL: 229
Target: 256 | 267 | 285
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
OIL INDIA LTD BUY SETUPOIL INDIA BUY SETUP
placing buy stop above green triangle, given good qtr and now setting up, as the general market is volatile and in downtrend, invest 1/2 of desired capital.
OIL INDIA LTD -- INTRADAY SETUP -- 25/03/3022OIL INDIA LTD -- INTRADAY SETUP -- 25/03/2022
15 MIN CHART
1. Stock technically strong bullish indications RSI move above 60
2. MACD above Center on daily chart
3. BUY above falling channel breakout LEVEL above 237 For bullish trend confirmation
4. No trade if gapdown open more then 70-80 Points of nifty..reason RSI trend momentum .
BUY OIL INDIA LTD above 237 ( intraday )
TARGET 240-242-245
stop loss 232
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk !
HAPPY TRADING. !
Inverted Head and Shoulder in Oil IndiaInverted Head and Shoulder in Oil India.
Commodities are already on fire . . .
This looks like a good opportunity to take position and go long
Disclaimer: This is not a recommendation. Pls invest as per your risk reward setup.
OIL INDIA - C& H PatternCup and Handle Pattern found on OIL INDIA on daily chart.
Target and stop loss are posted on the chart.
~This is educational content and don't treat this as recommendation.
~G
OIL INDIA - Long trendline Broken
OIL INDIA has similar patterns as other oil stocks....
Looking at chart ,it has broken long term trendline of 7 years and going up.....
Even Cup and handle formed....
looks set to Fly higher
The wave finding on oil downtrade.I have applied elliott wave theory on oil to study corrective mode. Specifically, the 12345 motive mode has been completely over and now rate is under the correction mode. I am looking for downward movement shortly.
Oil India ready for the uptrend!🤩💸🔥Buy Oil India for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡About Company:
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.
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💡Revenue Breakup:
Presently, the sale of crude oil accounts for ~76% of revenues, followed by Natural Gas (18%), transportation (pipeline) (~3%) and others (3%).
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✔️ Technically & Fundamentally Strong💪💪
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‼️ The stock had given a multi-year breakout in September 2021 and then it was in a retracement phase. Now with the completion of the retracement which is evident by the Higher high and Higher low formation, we can expect a strong uptrend from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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oil india watchlist oil india has been forming descending triangle and broke the triangle pattern and trying to break the upper support
and crossing 50 dema
having good rsi levels 62 and also forming ascending triangle
trade with caution
#dyor
Hello again here with a new idea on oil ltd.Yesterday oil india limited gave a channel breakout with a huge voloume . One more thing is that in previous three candles it is making a pattern of morning star . So I will be bullish on this stock if it gave a confirmation on monday else i will be entering in it on wednesday. This is my own research do yours as well and its my opinion and should not be taken as tip. Thanks follow for more.
