Oil India Limited (OIL) Reached the Technical Target Level Shared yesterday
OIL broke above the 430–435 resistance zone with a powerful Marubozu candle, surging over 5% intraday to hit your target of 450.
Today's move of ~5% (reaching an intraday high of 449.90) confirms a massive trend reversal. The price has successfully cleared the heavy congestion zone seen throughout December.
The surge is backed by significant momentum. However, a 5% "vertical" move often pushes the RSI (Relative Strength Index) near overbought levels, suggesting a short-term pause or a minor retest of the 435 level is possible.
Price is Trading Now into Resistance Area
#Today’sTradingSetup#WatchOutFor#TechnicalViews#HiddenGems#TimeToExit
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