Tide Water Oil Co. Ltd. is a top company that makes and sells lubricants in more than 65 countries worldwide. In India, it has been serving the automotive and industrial markets since 1928 with its brand "Veedol."
* Stock is already in uptrend and is now facing a minor correction.
* In the last trading session it has formed a bullish engulfing pattern at support level of 2200-
2225.
* If you look at the weekly chart and draw a Fibonacci retracement, then the current price level
0.5 level of Fibonacci retracement, which is another good sign as it acts as major support level.
* Both FII and DII has increased their stake in the stock in June quarter vs March quarter.
FII - 1.98% in June VS 1.51% in March
DII - 1.23% in June VS 1.22% in March
* We can expect a short term up move up to 2500,2600, 2700 levels in 4 to 8 weeks time period.
* Stock is already in uptrend and is now facing a minor correction.
* In the last trading session it has formed a bullish engulfing pattern at support level of 2200-
2225.
* If you look at the weekly chart and draw a Fibonacci retracement, then the current price level
0.5 level of Fibonacci retracement, which is another good sign as it acts as major support level.
* Both FII and DII has increased their stake in the stock in June quarter vs March quarter.
FII - 1.98% in June VS 1.51% in March
DII - 1.23% in June VS 1.22% in March
* We can expect a short term up move up to 2500,2600, 2700 levels in 4 to 8 weeks time period.
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.