Oil India - Ready for rally

22 thg 11, 2016

An inversely related stock price action to index has witnessed a strong rally of ~40% since March 2016. After a small pause (consolidation), the price are showing sign of breakout. Looking at the RSI (Relative Strength Index), the breakout from falling trendline and bullish crossover on MACD indicates price is ready for the rally towards 460-500.

9 thg 12, 2016

Ghi chú

Stock hits fresh 52 week high @ 446.20