ONGC gives a breakout after so many days somehow managed to break a strong falling resistance trendline and gives a strong close above on it so we can say it is a strong breakout on daily chart it is followed by good on volume indicator and giving positive score on MACD indicator too.
Cause of long-:
1- Falling resistance trendline breakout.
2- Good Volumes.
3- Macd positive score and divergence.
Cause of long-:
1- Falling resistance trendline breakout.
2- Good Volumes.
3- Macd positive score and divergence.
Note
SWING TARGET ACHIVED
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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.