As we can see OIL has given break-out from Cup&handle pattern
Its 8 day delivery average is 53%.
As well as today's open interest change in around 3.69% which show large numbers of long positions.
MACD is positive.
Considering all the facts and numbers one can take long positions for this series
TGT:310-330
SL:280
Please take note I am not SEBI registered adviser and this is my personal view please consult your adviser befor investing
Its 8 day delivery average is 53%.
As well as today's open interest change in around 3.69% which show large numbers of long positions.
MACD is positive.
Considering all the facts and numbers one can take long positions for this series
TGT:310-330
SL:280
Please take note I am not SEBI registered adviser and this is my personal view please consult your adviser befor investing
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