INDIAN OIL CORP LTDPanjang
Positional trade: Indian Oil corporation
Why
1.higher high pattern
2. Forming bullish flag pattern
3. Retracement seen from level of 198 and took support at near 160. So 160 is crucial for this.
4.due to election ,oil price is stable, after election you might be see multiple hikes. So these companies will benefitted.
5. Trading above all important moving average.
6.fundamental is good.higher divedent paying Co.
7.target 200/ 230 stoposs daily closing below is 160.
8.trade as per risk.
Disclaimer: ideas doesnot advise you to take trade ,it is for training purposes .
1.higher high pattern
2. Forming bullish flag pattern
3. Retracement seen from level of 198 and took support at near 160. So 160 is crucial for this.
4.due to election ,oil price is stable, after election you might be see multiple hikes. So these companies will benefitted.
5. Trading above all important moving average.
6.fundamental is good.higher divedent paying Co.
7.target 200/ 230 stoposs daily closing below is 160.
8.trade as per risk.
Disclaimer: ideas doesnot advise you to take trade ,it is for training purposes .
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.