On Daily TF, price has already made its all time high and as such there is no sign of reversal. RSI shows no divergence and Klinger also suggests continuation of sharp uptrend.
With good news surfacing wrt refineries, share prices are likely to go up sharply.
Therefore, it is strongly recommended to initiate Buying immediately. Fib Extension tool has been used to identify potential first profit booking area marked as TPs. This Bull run is expected to run till end Sep~Dec, 2026 ; therefore, long term holding may also be considered.
Trade Values
Buy : 493 , SL: 420 , TP 1: 644, TP 2: 862 , TP 3: 1080 , TP 4: 1213
With good news surfacing wrt refineries, share prices are likely to go up sharply.
Therefore, it is strongly recommended to initiate Buying immediately. Fib Extension tool has been used to identify potential first profit booking area marked as TPs. This Bull run is expected to run till end Sep~Dec, 2026 ; therefore, long term holding may also be considered.
Trade Values
Buy : 493 , SL: 420 , TP 1: 644, TP 2: 862 , TP 3: 1080 , TP 4: 1213
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.