BUY SIGNAL FOR POSITIONAL TRADE INDIAN OIL CORPORATIONS
See the chart and understood the facts.
Due to election oil prices are steady, after Election slowly slowly prices will hike. These companies will be benefitted.
Why now: see the chart ,
First ,clearly forming a flag and pattern chart on weekly time frame.
Second , it has been corrected from 198 and formed base at near 160 and multiple time respected.
Third ,trading above all important moving average.
What to do if stoploss hits
Just exit
Disclaimer: it is only educational purposes. Don't take it as any investment idea .we are not sebi registered. I am also learning and earning.
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.