OIL trade ideas
OIL India Weekend Level 5+Long idea based on weekend level 5 and that it has broken previous support levels
Watch Out! Cautious ! May go either waysLong term trends indicate that the stock may move up while short term trends disagree.
Now in the transistion zone. Lets see where it pans out.
Will depend a lot on oil prices in the market.
Watch the triangle!
What is your call on Oil India?
Please comment
Long OIL in cash as per datanalysis and crudeoil patternLong OIL in cash as per datanalysis and crudeoil pattern
IOC inside bar + back to channel?IOC inside bar + looks like it is going back to the channel,
buy if PDH is broken with SL at PDL
short if PDL is broken with SL at PDH
if it gaps, watch the first 5mins, then follow ORB on that 5m tf candle
OIL_ASCENDING_CHANNELLong above 221.20 with SL as weekly closed below 200 for target of 232 / 247 / 255.
OIL Descending triangle breakoutOIL Descending triangle breakout
4x average volume
No lower wick = powerful breakout.
Obviously it'll see some correction and retracement.
OIL IS TRENDING UP IN FALLING MARKETPOSSIBLE LONG
1) PRICE CROSS ABOVE MONTHLY RESISTANCE LEVEL
2)DIVERGENCE ON RSI AND PRICE
3) PRICE BREAKOUT OF THE TREND LINE
4)WAIT FOR SOME PULLBACK FOR BETTER ENTRY
