Hi, feeling high on being connected with you.
Can you please update your idea on ONGC based on today's close?
I-Fund-Trader
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@Srijanmo, yes sir sure , it has made shape correction , which is very evident that when scrip is trending the pull back are sharp , and today it made an Indecision candle usually its a sign of exhaustion for further down side ( for this stock which is moving up ) and it will tend to reverse and starts moving upside , i am convinced this pull back is one of the pattern we call it as ZigZag pattern where participants are aggressive and reaction is very sharp , You can look for reversal confirmation on Monday in case you see further correction you can take an exit ( if holding )
Regards
I-Fund-Trader
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@Srijanmo, Sir Morning , its moving up as per forecast (foreseen as Zig Zag Pattern) , there are two possibility currently , Due to Government new proposals and also Natural Gas price are on rise internationally , Russia , Ukrainian, and China all are marking high price day by day , if you are holding look for exit once made to forecast levels ,
Regards
Can you please update your idea on ONGC based on today's close?