johntradingwick

ONGC - Inverse Head & Shoulders BO + volume expansion

Long
NSE:ONGC   OIL & NATURAL GAS
ONGC is breaking out of the Inverse Head & Shoulders pattern it was forming since February. The price has broken out from the neckline and there is an expansion in the volume . I have made an illustration on the left-hand side, to explain the pattern.

Targets: 128, 137, 140, 146.

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Comment: Target 1: Reached ✅✅

Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Community Manager (India), TradingView

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