Free Point and Figure charts Essar Oil Limited ESSAROIL share NSE Stock Exchange

Stock ESSAROIL - Share Essar Oil Limited trades in NSE under Integrated Oil & Gas

Daily Support: 131.5
Daily Resistance: 131.5
5 Day Moving Average is 260.68
20 Day Moving Average is 264.96

If a stock is trading above it's 5 day and 20 day moving averages, it's considered good for a trade! The support & resistance points are valid for intra day.

Also take a look at technical analysis reports for more details like moving averages, support and resistance.

Date	Change	Open	Close	High	Low	Volume
Tue 09 Feb 2016	0.04%	0.00	263.00	0.00	0.00	0 times
Mon 08 Feb 2016	1.49%	260.50	262.90	263.25	260.50	0.2 times
Wed 13 Jan 2016	0.29%	258.00	259.05	259.55	258.00	0.05 times
Mon 11 Jan 2016	-0.71%	260.15	258.30	260.25	257.00	1.77 times
Sun 10 Jan 2016	0.02%	257.60	260.15	260.40	257.60	0.83 times
Thu 07 Jan 2016	0.19%	258.65	260.10	261.00	258.65	0.38 times
Wed 06 Jan 2016	-0.19%	259.50	259.60	260.10	258.15	0.66 times
Tue 05 Jan 2016	0.23%	258.55	260.10	260.30	258.55	0.16 times
Mon 04 Jan 2016	0.41%	258.15	259.50	260.40	258.15	1.12 times
Sun 03 Jan 2016	-0.25%	258.00	258.45	259.60	258.00	0.27 times

Point & Figure Charts for Essar Oil Limited ESSAROIL

Point and Figure charts are best suited to find trend and reversal points of a stock.

Point & Figure charts can be used by long term investors, or even by short term swing traders. All you have to do is switch the Point & Figure BOX setting and Point & Figure Reversal settings below for Essar Oil Limited ESSAROIL and you are good to go!

A swing trader can use 1% of the stocks current price as Point & Figure BOX, and the default 3 box as Reversal

A long term investor would be more comfortable with 2% to 5% Point and Figure BOX setting, and either 3 Box as Reversal, or 5 Box as Reversal

At MunafaSutra.com I use at least 250 data points to draw Point and Figure charts of Essar Oil Limited ESSAROIL stock.