Buy Oil India for Positional Trading as well as Investment.๐ธ๐ฅ๐ธ
Comment your viewsโผ๏ธ๐
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๐กAbout Company:
Oil India Ltd is engaged in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P related services for oil blocks.
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๐กRevenue Breakup:
Presently, the sale of crude oil accounts for ~76% of revenues, followed by Natural Gas (18%), transportation (pipeline) (~3%) and others (3%).
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โ๏ธ Technically & Fundamentally Strong๐ช๐ช
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โผ๏ธ The stock had given a multi-year breakout in September 2021 and then it was in a retracement phase. Now with the completion of the retracement which is evident by the Higher high and Higher low formation, we can expect a strong uptrend from current levels.
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๐@technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
โ 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Like, Comment & Share ๐๐๐
Comment your viewsโผ๏ธ๐
.
๐กAbout Company:
Oil India Ltd is engaged in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P related services for oil blocks.
.
๐กRevenue Breakup:
Presently, the sale of crude oil accounts for ~76% of revenues, followed by Natural Gas (18%), transportation (pipeline) (~3%) and others (3%).
.
โ๏ธ Technically & Fundamentally Strong๐ช๐ช
.
โผ๏ธ The stock had given a multi-year breakout in September 2021 and then it was in a retracement phase. Now with the completion of the retracement which is evident by the Higher high and Higher low formation, we can expect a strong uptrend from current levels.
.
๐@technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
โ 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share ๐๐๐