OIL India Approaching Breakout: Resistance Turns SupportOIL India Ltd is nearing a potential bullish breakout as the stock consolidates above the former resistance, now turned support, with strong volume backing the move.
Oilindia
OIL INDIA looking to breakout from a supply zone!The stock has been in congestion zone from past 3 months. During this period INR300-305 acted as a demand zone while INR 325-330 zone has been a seller's favored zone.
The stock is spotted today breaching a minor trend line resistance with good volumes. This could be an early sign of the intentions of the stock(or rather the buyers) to clear above the 325-330 zone for good this time around.
Upon a decisive close above INR 330 mark the stock could very quicky attempt to move towards the INR 360 mark.
On the downside 312 could be a good place to consider to place a SL order for a target of 360(RR 1:3).
Note*- Please do your own analysis/research before making any trading decisions.
Oil India (Swing):Oil India (Swing):
Oil India is set to double, owing to the strong breakout in energy sector.
Multi year supply zone is being tested.
Appropriate support, resistance and target levels are highlighted.
Keep adding between 290-320 with a SL around 270.
Trade offers a RR of 1:10.
Note: Do your own due diligence before taking any action.
OIL India ready to give 16% upmoveThe price has bounced back from 21Ema support with increasing volumes tilting the strength towards the buyers.
DMI movement backing the bullish view. Buy above today's high price of 260
Entry- 260-261
SL - 245
Target - 298
OIL - Bullish Swing ReversalNSE: OIL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Trendline breakoutOIL india expected to break trendline with below level as stop loss for given target
Lets see..
OIL INDIA LIMITEDStrong support is 170-174 zone
Minor support is 215-218 zone
Next strong resistance is 262 zone
OIL India Share Target 290OIL India Share currently trading around 220 , 230 very important resistance so if break out above 230 it will go upto 290 possible very soon
Oil India Breakout-RetestThe stock has broken out and retested, therefore it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the upper trendline. The target is placed near swing high.
Swing/Intra day PT 242 OIL INDIATHIS IS NOT A FINANCIAL ADVISE.PT IS 242
OPTION TRADE PUT/SHORT.
Make sure you get out @ 242
BPCL announced its Ex-date..NSE:BPCL Dividend announced | Rs.58 per share
Looking good long at different target levels..
Final target is above 540...
Ex-dividend date : 16th sep 2021
Record date 18th sep 2021
Agm date : 27th Sep 2021
OIL INDIACup accumulation , Near strong resistance, Asc triangle formation and RSI range shift above 60. Closing above resistance 175 can trigger a upmove
OIL INDIA LTD HIT A GOOD SUPPORT should turn from here and break the channel which have been forming on low volume. has hit a good support, turned and completed a flat correction wthin the channel. More agressive traders may buy from here, but a good strategy would be to wait for a break of the channel to the upside and a consolidation just above the channel before opening a buy position.
