OIL india had a good up-journey and is now ready for possible major consolidation. OIL india generated a nice bearish engulf followed by a sense of confusion in the stock
Short OIL India CMP - 350 Short below 345 (risk takers can short right away) Target - 339 / 323 / 295
SL - 360 (people who are looking for smaller SL can keep it at 355)
Nota
OIL is showing struggle to hold its ground. A fall from here should be a breakdown. Keep the SL intact
Trade ativo
Nota
Change the SL to 355
Trade fechado: stop atingido
Just missed this one. Though I closed it long back! 1st target met. Profit 345 - 339 = Rs 6 Profit for 1 lot = 2276 * 6 = 12000+
But since I went lazy in tracking this I'll take the blame of SL hit Loss = 355 - 345 = 10 Loss = 2276 * 10 = 22760
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