Oil India - Levels to watch

As we have seen stock respecting demand and supply zone most numbers of times
Currently stock is stuck between a strong demand and supply zone

Also it has been trending in a lower channel

As of now we have a high area of confluence where supply zone meets the upper channel

It can most probably act as resistance

Downside we have a demand zone too

So area of resistance becomes 448 - 450

Area of support becomes 395 - 400

As of now at the current price, it can also be a good straddle candidate

Or can wait to reach any side edge to trade