Deepak_dc93
Long

ONGC BUY signal , Rectangle pattern , Trading is all about skill

NSE:ONGC   OIL & NATURAL GAS
I will go LONG on ONGC because:
1) The price is forming a Chanel or Rectangle Pattern .
3) The price is also under Support/Resistance zone.
4) It has touched the support and may reach the resistance zone .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .

Entry - 74
First Target - 84
Second target - 92
Stop loss - 70
Trade closed: stop reached

Comments

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