ONGC Long or Short ??

Its very suspicious Price action , as Institutional and Hedge Funds will wait till the Price makes to an area of Previous Price action of demand or Support , and they do not Jump on the Guns , they tend to buy very slowly and put the price action in consolidation for some period until they accumulate sufficient stocks in Whole sale price then they will move up for retail sales ,
I still do not believe this move , and may be some one is trying to look like the move is up , but i name them as pump and dump ,
What is Pump and dump ?
Its trick used by small Domestic investors , they pump the money to look like ferry to all and then they take out their profit and dump to all believers who think it is going to go up form here now
That is my conclusion lets wait and watch
Regards

Comment:

Ha ha , its Pump and dump , does any body understand what i meant ??
If yes then you can achieve your goals when you follow the path of professionals
There is always someone what you to fail and get trapped , its not only in financial its also in the life , so always use logic and simple way to understand what many call it as very difficult
in my opinion there are no rules in the life one who want to achieve the success on crushing others , with no ethical value
but there are many way to get not crushed by unethical business flaws , i.e education towards achieving our goals weather its life or stock market or any business , We must learn to get the success in peaceful and ethical way
I would like to give small example , i trained a small girl of 12 Year old my friend daughter 2 two years ago about how human behavior is related to education , how human interactions can be predictable with their questions or with their talk , and when she understood the true meaning of educated behavior then she started making her presence in class , school , in friends, and social society, today she is more successful in her life than anyone , in fact everyone ask how she only can make the difference and not the other kids at the same age
the reason is very simple giving meaningful explanation on right moment with right knowledge
So keep learning , Keep earning
Regards

Comment:

Ha Ha , When i said in April , everyone was laughing, after losing in Pump and dump the stock have made ultimately the level of its projected really
In trading understand the Psychology of Price action is very important , but many fail to understand and jump on this kind of trade only to lose the Money
now its back to Normal , one can look for Reversal sign to enter for long
Regards