ESSAROIL NEWS why is Essar Oil Limited price falling or rising

ESSAROIL NEWS reasons for why stock price of Essar Oil Limited is falling or rising

ESSAROIL Essar Oil is falling or rising technical reasons

Technical analysis forecast of Essar Oil Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Essar Oil ESSAROIL at this time. Stock is rising and might rise more.

It appears as if Essar Oil ESSAROIL gave a large move recently.

Stock of Essar Oil (ESSAROIL) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Essar Oil is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Essar Oil stays above 262.1, but if it comes below 262.1, then a intra day sell could be more profitable.
If you take a sell trade below 262.1, then use 262.1 as stoploss and 251.29 as target. However if you take a buy trade in Essar Oil, then use 262.1 as stoploss and 275.1 as target.

ESSAROIL Essar Oil is falling or rising NEWS fundamental reasons

More announcements and NEWS

ESSAROIL Essar Oil Limited current price & indicator signals

Moving Averages for Essar Oil Limited

  • 5Day Average: 260.68
  • 12Day Average: 259.87
  • 20Day Average: 253.95
  • 50Day Average: 225.7

ESSAROIL Indicators & signals

Indicator MACD (12,26,9)

257.64, 246.6, 12.01
Indicator MACD is in positive zone

Indicator ADX (14)

84.65, 6.66, 80.18
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ESSAROIL Essar Oil Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
09 Tue Feb 2016 263.00 0.00 to 0.00 0.04% 0 times
08 Mon Feb 2016 262.90 260.50 to 263.25 1.49% 0.36 times
13 Wed Jan 2016 259.05 258.00 to 259.55 0.29% 0.09 times
11 Mon Jan 2016 258.30 257.00 to 260.25 -0.71% 3.15 times
10 Sun Jan 2016 260.15 257.60 to 260.40 0.02% 1.48 times
07 Thu Jan 2016 260.10 258.65 to 261.00 0.19% 0.68 times
06 Wed Jan 2016 259.60 258.15 to 260.10 -0.19% 1.19 times
05 Tue Jan 2016 260.10 258.55 to 260.30 0.23% 0.28 times
04 Mon Jan 2016 259.50 258.15 to 260.40 0.41% 2.01 times
03 Sun Jan 2016 258.45 258.00 to 259.60 -0.25% 0.49 times
31 Thu Dec 2015 259.10 257.20 to 259.80 0.35% 0.28 times
30 Wed Dec 2015 258.20 257.05 to 258.50 0.47% 0.64 times

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ESSAROIL NEWS why is Essar Oil Limited price falling or rising

 

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