This stop loss is not advisable as per 30 minutes chart. near 6815 is the stop loss for 30 minutes chart... you just see target price...120 points... but stop loss is just 30 points... there are lots of chance to hit the stop loss first...
suppose, if you decide to trade on higher timeframes, continuously you should always trade on 30 minutes time frames. because if you trade 10 to 12 trades per month, surely there will 3 or 4 wrong trades... but final profit on month end will be very high for your capital....
According to me, for your 3.5 lakh capital, you can easily earn one lakh per month easily if you trade on higher time frames...
For crude oil, every 1.5 lakh, you should trade for one lot...so you can trade two lots in the beginning stage...