ONGC primary trend has been down, its very clear from chart. Intrestingly we have now a rise from few days.
today it hit the upper trendline resistance, also we can see a clearly label abc rise , now if we dont cross the trendline
then expect a low below 155.
Sell ongc at 162-163, stop loss 165, target 150
today it hit the upper trendline resistance, also we can see a clearly label abc rise , now if we dont cross the trendline
then expect a low below 155.
Sell ongc at 162-163, stop loss 165, target 150
Trade closed manually:
Pattern not behaving as expected close at cmp 161.20