OIL INDIA LTD
Long
Updated

OIL – Oil India Ltd | Target: ₹429.00

204
🟢 Trade Details:
LTP: ₹417.30

Recommended Buy Range: ₹415.50 – ₹416.00

🎯 Target: ₹429.00

🛑 Stop Loss: ₹408.70

🔍 Technical Snapshot:
✅ Strong bullish candle with volume confirmation

✅ EMA crossover supports the uptrend (9 EMA > 13 EMA)

✅ RSI at 62.22 shows healthy momentum

✅ Breakout above previous range box visible on Daily & 1H TF

📊 BB %B at 0.82 – still room before overbought levels

💼 Strategy:
Suitable for short-term MTF holding (2–5 days)

Risk-Reward ~1:1.5

Trail SL to cost once ₹424+ is breached

Use smaller timeframes (15m / 1H) to confirm entry with volume

For Education Purposes Only
Trade closed: target reached
target done

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