ONGC: Game on...Bullish set up...
Updated
ONGC
On 13 June when ONGC was at 168, it was suggested that
- the stock is currently in down trend
&
Closer to 158-162 will be worth accumulating from risk:reward ratio perspective
Link to previous analysis
https://in.tradingview.com/chart/ONGC/TPTJLrQh-ONGC-enters-accumulation-zone/
For last 2 days the stock has defended 158 on closing basis &
Candlestick pattern at important support level suggests reversal is round the corner...
Game on...
Take care & safe trading...!!!
On 13 June when ONGC was at 168, it was suggested that
- the stock is currently in down trend
&
Closer to 158-162 will be worth accumulating from risk:reward ratio perspective
Link to previous analysis
https://in.tradingview.com/chart/ONGC/TPTJLrQh-ONGC-enters-accumulation-zone/
For last 2 days the stock has defended 158 on closing basis &
Candlestick pattern at important support level suggests reversal is round the corner...
Game on...
Take care & safe trading...!!!
Trade active
Trade closed manually
ONGCmade a high of 163
but
still not looking convincing
closing trade manually....
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