Oil & Natural Gas India is in uptrend to 272Daily chart, the stock has formed 2 patterns, rising channel and cup & handle. The first target is 230.9 and the second is 272.2 (on the weekly chart)
The technical indicator RSI is at the over-bought area, and it means some correction is due, before going up.
Stop loss at 205 - 200 to be considered.
OILGAS
MCF Stochastic Oscillator left the oversold zone This is a signal that MCF's price trend could be reversing, and it may be an opportunity to buy the stock or explore call options. I identified 64 similar cases where MCF's stochastic oscillator exited the oversold zone, and 56 of them led to successful outcomes. Odds of Success: 88%.
CNQ was a top quarterly gainer, rising +110.31%. Expect Uptrend Canadian Natural Resources (CNQ, $17.22) was one of top quarterly gainers, jumping +110.31% to $17.22 per share. My A.I.dvisor analyzed 95 stocks in the Oil & Gas Production Industry over the last three months, and discovered that 93 of them (97.67%) charted an Uptrend while 2 of them (2.33%) trended down. My A.I.dvisor found 191 similar cases when CNQ's price jumped over 15% within three months. In 105 out of those 191 cases, CNQ's price went up during the following month. Based on these historical data, A.I. thinks the odds of an Uptrend continuation for CNQ are 55%.
GAZPROM go LONG (GAZP)GAZPROM
We are aheading a big impact in Oil&Gas industry, OPEP/OPEC is in Geopolitic conflict and now trying to solve.
Take a look to the increasing value of the WTI, it could be the key to understand.
The company Gazprom is now undervalued, can lend a retrospect, but it´s clear that the bullish trend is accelerating.
Make objetives with Trailing Stop or Stop loss. Look for good LONG!
See you at the top!