ONGC - DAILY CHART

Mar 27, 2017

A possible short for this week, if it breaks the blue line .

Take positions according to strategy and risk tolerance.

Don't blindly follow the lines, support resistance, etc. Do due diligence.

Might as well take support.

Let's see how it behaves.

Mar 28, 2017

Note

Down 1.27% . Has breached the blue line.

Mar 29, 2017

Note

Below the line but stable.

Apr 7, 2017

Note

Watch out how it behaves now. A 3-4 rs opportunity may arise on either side.

Upwards till the trendline and downwards till the big candle's low.

Enter if any clear signals are given.