ONGC
ONGC has broken out of ASCENDING TRIANGLE PATTERN.
TARGETS-88/93/102
STOPLOSS-75 for investors WHO CAN LOOK FOR 100+ TARGET
WAIT FOR THE PULL BACK TO ENTER FOR A GOOD RISK REWARD RATIO
PROS-
1.GOOD VOLUME SUPPORT(NOT HUGE)
2.THERE IS AN UNFILLED GAP UPTO 88
3.PRICE BROKEN THE 50 DEMA
CONS-
1.NIFTY at a key resistance level 10000. (market may reverse)
overall TRADE RATING-A(7/10)
Trade active:
ALMOST REACHED 1
Comment:
TARGET 1- REVISED TO 87.
Trade closed: target reached:
CONSEVATIVE TRADERS CAN BOOK PROFITS
Trade active:
FOR OTHER TARGETS. LOOK FOR LOWER ENTRY