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...
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.
The 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
NSE: 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...
The 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.
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
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.
