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...
NTPC Can be shorted with a Stop loss at 173. for a target of around 163.. RSI showing negative divergence. MACD crossover indicates the downtrend.. Today it has closed below 169.. which was a breakout level(170)..
