JUST AN ANALYSIS USOIL IS ON A DOWNTREND ON DAILY,WEEKLY TIMEFRAME. BUT SEEMS TO BE ON AN UPTREND ON 15MIN TIMEFRAME, WHICH IT MIGHT NOT SUSTAIN. IT MIGHT RISE UPTIL THE TREND LINE SHOWN BY GREEN ARROW AND THEN SHOW SOME CONSOLIDATION. ONCE IT FALLS BELOW THE TREND LINE SHOWN BY RED ARROW,IT MIGHT SEE A DEEP FALL BACK.
NAMASTE SCRIPT NAME: AARTIIND. IT IS CLEARLY AN UPTREND STOCK. THIS SCRIPT HAS BROKEN THE TEMPORARY DOWN TREND AND TAKEN A BOUNCE BACK NEAR 200 DMA, MACD ALSO SEEMS TO BE GIVING A POSITIVE CROSSOVER. CAN HOLD IT AS A SWING TRADE WITH ENTERING POINT NEAR CURRENT VALUES, STOP LOSS NEAR 848 , AND TARGET OF 1115 RISK REWARD RATIO IS 1:2.
NAMASTE. FOR SWING TRADING BULLISH TREND, FORMING A DOUBLE BOTTOM TRIANGLE,CAN BE BROUGHT AFTER CROSSING NECK LINE ALSO ABOVE 100DMA,200DMA,400DMA. TRYING TO BREAK RECTANGULAR FLAG PATTERN. POSITIVE HISTOGRAM DIVERGENCE SEEN
ONLLY FOR SWING TRADING BREAKING TRIANGLE PATTERN UPWARDS. IT HAS BEEN ON AN UPTREND IN WEEKLY AND MONTHLY CHARTS. ABOVE 100 DMA,200 DMA,400 DMA. POSTIE CROSSOVER ON MACD. VOLUME PROFILE SHOW LARGE TRANSACTIOS.