ONGC Gave a Breakout, can expect at least a 50% move?

This guy gave a BreakOut after 11.5 years,
as we can see in the weekly Time frame it has broken out with a Strong MARUBOZU candle (which indicates a strong bullish candle).
We can enter keeping a strict SL below Descending Tl which is 115-113 (risk is as per our appetite).

This analysis is just for education purposes.
Before entering please ask your financial advisor.

Key Points.
> We will only enter in those setups where is the risk is very low.
> We will only entertain the highest probable trades/set-up.

If there is any doubt feel free to reach.
Thank you.


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