ONGC: Game on...Bullish set up...
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....
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.