VB100

Cup and Handle formation in ONGC

Long
NSE:ONGC   OIL & NATURAL GAS
ONGC is very near to break the neckline of it's cup and handle formation. If it manages to stay above 121 and gives a weekly closing above 121 and also above its trendline. Then a breakout is confirmed. Target 1- 144, target 2 - 175, Target 3 - 208, Target 4- 300 and stop loss - 95
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.