essaroil

[neerav]

hii

experts plz give ur comments on esseroil for nxt 1 week target and down side that it can go ....that is the this scrip support and resistance ... any chart would also be appreciated

also, wil reduce oil prices work in this scrip .....

thanks

 

[tanewbie]

hold with a stop of 52

see chart.

Miracle calls always go down first then recover.!

 

[praveensk]

I was holding some shares of Essar Oil and now I am out of that. As per my observation of this stock, this stock is supposed to have a strong resistance between 58 and 60 and it has been hovering in the 48-58 range since last 3-4 months or so. Rs 50 seems to be a good support price for this,

 

[neerav]

i hv got chamatcar.net call for this at 55 target 65 with sl 53

lets see .... i hv got 1 future so far at 55.30

keep updating this post plz regarding wat to do .... their calls 80-90% hit but after volatility .....

lets see

 

[winstonn]

hI neerav,

the scrip is in up to sideways trend. With some weekness seen , only a technical concern is the weekly head and shoulders pattern formed.

if the stock closes below 41 on weekly closing basis, could be a short term danger. On the higher side 65 is strong resistance then 79 - 80.

for you as a trader, daily closing above 55 is a good buy with stop at 53 on closing basis and target of 65.

thanxs
winston

 

[neerav]

wat do u mean by stop loss at closing price

 

[winstonn]

hi neerav,

suppose your stop for essar oil is 53 closing basis , that means you will square off your position only when Essar oil is closed below 53 Rs/- . Just an intraday low of 53 is not a stop.

thanxs
winston

 

[neerav]

wat if it opens 54 , goes down to 51 and closes 51.50

in that case will i square off it nxt day wen market opens

thx

 

[neerav]

its shwoing some strength .....

whole day on the sideways , than last 2 minutes of the market and some1 picks up big chunks .....

!!!

 

[basab]

Can anybody please tell me whats wrong with indiabulls???