AbhishekHSinghCMT

ONGC- Can it hit the box on the upside

Long
AbhishekHSinghCMT Updated   
NSE:ONGC   OIL & NATURAL GAS
11
ONGC once penetrates 243-244 mark- Likely it will travel in the zone of 252-254 -Hitting the box the resistance from the top end channel. Once it hits the box & we see it is unable to penetrate on upside & facing resistance- we shall look for selling opportunities in later sessions.

Trading Strategy- Likely going above 243-244 -ONGC could head for upside immediately.

Regards,
Abhishek H. Singh, CMT
Trade closed: target reached: 10:35 Hrs-IST-8th Sep2016- ONGC -Target Reached - Box Hit & Made session high@254.90
Trade active: 12:15 Hrs- IST-9th Sep2016- We shall wait for market clues before it starts falling in the down leg as expected & channel should hold on top or at least ONGC should get rejected in the current zone of 250-255.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
(Deleted)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.