OIL trade ideas
OIL INDIA BUY VIEW OIL INDIA - BUY PROJECTION
Trade Setup :
Fundamental Analysis
Stock PE - 9.22
Industry PE - 20.7
Low Debt
Promoter Holding - 53 %
DII Holdings - 17 %
Regularly Paid Dividend - 2 %
Strong Fundamental - Stock Possible to Doubled - (Current - 474 ) (Target - 948 )
for Long term 5 years Holding ..
Technical Analysis
Monthly - Strong Support & Fib 50 %
Day - Wait For Candle Close in Black Line
Entry - 507 Rs
Target - 740 Rs
Stoploss - 408 Rs
Happy trading .. Thank You ...
OIL India Ltd Short TradeHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
oilindia - Ema 100 > 144 > 200 > 300oilindia - Ema 100 > 144 > 200 > 300
1) Strong wide base formation
2) Bigger time frame Overall trend is upside
3) On DTF consolidation is goin on
4) Wide Consolidation going on
5) wait for trap breakdown till green ema
Expect stock to rally at least 40 % there after.
Oil India Ltd view for Intraday 7th Nov #OIL Oil India Ltd view for Intraday 7th Nov #OIL
Resistance 530. Watching above 531 for upside movement...
Support area 520. Below 525-520 ignoring upside momentum for intraday
Support 520 .Watching below 519 for downside movement...
Resistance area 530
Above 525-530 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point3
OIL S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
52 Week High Strategy - Positional Trade Long TermDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock is near 52 week high break out. Buy above the High and do not forget to keep stop loss best suitable for Positional Trading long Term. Keep this stock in watch list.
Target and Stop loss Shown on Chart. Initial Target Ratio 1:2. Exit only if Stock Price Close below 30 SMA on Weekly Chart.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Keep An Eye - Breakout Soon - OIL๐ Script: OIL
๐ Sector: Crude Oil & Natural Gas
๐ Industry: Oil Drilling / Allied Services
Key highlights: ๐กโก
๐ Script is trading near at its resistance level which is 645.
๐ Script should give closing above 645 level so that we can see good rally.
๐ Script is trading at upper band of BB.
๐ MACD and Double Moving Averages are giving crossover.
๐ Right now RSI is around 59.
๐ One can go for Swing Trade only above 645.
BUY ONLY ABOVE 645.
โฑ๏ธ C.M.P ๐๐ฐ- 636
๐ข Target ๐ฏ๐ - 691
โ ๏ธ Stoploss โ ๏ธ๐ซ - 625
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat๐ Sleep๐ด TradingView๐ Repeat ๐
Happy learning with trading. Cheers!๐ฅ
MY TRADE CONTINUES Another stock for year 2024 i.e second stock for New year ...
Mentioned the stock earlier in my profile and now again gave a strong breakout with the great volumes as the stock passed the defined previous target of 350 ..
Cmp 373
Buy around 255-265
Target: 500-600+
SL : 240 ( will not be active for sure )
Pro's and cons mentioned in earlier analysis but still a good fundamental stock with P/E increased to 6 from 3 ..
Note : It's my own analysis and not any personal recommendations to buy or sell the stock . Do your own analysis before taking any risk ..
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 looks bullishOIL looks bullish on the monthly and weekly time frame.
It has broken and retested 300 levels.
We can see the cup pattern formation and neckline.
We can measure the depth of the cup and clone it from the neckline for the target upside.
Monthly and weekly RSI are above 60 and crossing 60, respectively. The monthly RSI is inclining. The volume moderately increases as the neckline breaks.
Even if entering the trade just slightly below the CMP (Current Market Price), it can achieve over 4 RRR (Risk to Reward Ratio).