ONGC - Breakout - Ascending Triangle
ONGC has given a clean breakout from the ascending triangle pattern. Generally after the breakout , the price tends to retest the breakout level which is around 79-80. Therefore wait for the stock to retest the breakout point and make an entry only around those levels. Trading using this approach would give you a favourable Risk-Reward setup.
Target 1: 88
Target 2: 90
Target 3: 94
Stop Loss : 76
Target 1: 88
Target 2: 90
Target 3: 94
Stop Loss : 76
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