OIL INDIA had met its target (see below), but has consolidated thereafter and is now available at a lucrative Rs 1395. Buy in small quantities for a short term target of 1450 in 3-4 weeks and a medium term 6 month target of 1640.
POWERFULPICKS SEP 15 CALL UPDATE: On Aug 19th, I had given the below call - "Buy OIL INDIA on dips at 1400 or below for a 6 month target of 1605 in 6 months. Natural Gas price rise and stake win in a Venezuelan company, with assets in one of the largest and most important oil provinces in Venezuela will power this stock."
OIL India touched its 52 week high price of 1624 today, giving you a notional profit of 16% in less than a month after the call. Hold your positions for the next target of 1690, which can be achieved in the next 3 months.
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