Oil India - Multiyear breakout
Unlike ONGC Oil India has been nicely consolidating near multiyear high levels.
If the stock breaks above 261/265 it would make for a new ATH post 2016.
The stock has all kinds of tailwinds with crude/gas prices.
Long above 265 with stoploss below 250.
Might even start by buying in 3 trenches. One at current price 30%, then again above 261 (20%) and finally above 265.
If the stock breaks above 261/265 it would make for a new ATH post 2016.
The stock has all kinds of tailwinds with crude/gas prices.
Long above 265 with stoploss below 250.
Might even start by buying in 3 trenches. One at current price 30%, then again above 261 (20%) and finally above 265.
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