Technical Analysis of (NSE: OIL)Oil India Limited:
Technical Analysis of Oil India Limited:
(NSE: OIL)Oil India Limited: The technical looks that the major trend is
bullish but in short-term price trending in into downside, if we take a
look on the weekly chart, price following uptrend channel, and reversing from
bottom line of the uptrend channel by forming a double bottom, and we have recent
bullish breakout anticipated for bullish momentum.
If we compare the return profile stock completed almost 1Year of correction.