simple price action not indicators Long Position for tgt 220 , tgt2 240+ for intraday tgt 197+
OIL vs ONGC (both PSE) is at ATH ratio is @ 1.6, 1.5-1.6 is resistance zone/ reversal zone & near 1 is support
Good to add near cmp to 175 SL BELOW WEEKLY SUPERTREND 142 Target 2x
trading near 52 weeks high forming pennant pattern (bullish) buy above or after sustain above168.5 level
Oil has started it uptrend again after a short break. Uptrend confirmed after weekly CPR breakout .
ITS A CUP & HANDLE PATTERN BREAKOUT.. OIL INDIA LTD CMP 173 TGT 187/208/231 ++ SL 168 Stock is trading at 0.79 times its book value Company is expected to give good quarter Company has been maintaining a healthy dividend payout of 26.61%. BEST STOCK FOR LONG TERM !!
Oil india is trying to break upper side and the nearest resistance level is at 159.
Oil india broke a weekly trend and after consolidation it can go uptill 148-155 Buy Oil @ 128-130 SL- @ 118 Take Profit @ 148-155
Oilindia to move up for the tgt 133.
BB CHALLANGED SELL WHEN PRICE CROSSES 115 WITH A MIN. TARGET OF 109
expecting a bo, can go to 140 ++ if sustains can put an sl blw months low for study purposes positional