OIL India - A good doom!

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)

Commento:

OIL is showing struggle to hold its ground. A fall from here should be a breakdown.
Keep the SL intact

Trade attivo

Commento:

Change the SL to 355

Trade chiuso: stop raggiunto:

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