eyesice
Long

ONGC - Rounding Bottom, Flag, Hidden Divergence

BSE:ONGC   OIL AND NATURAL GAS CORPORATIO
ONGC             has formed a rounding bottom with a flag.
Notice the hidden divergence.

Seems to be a good medium term buy.
Trade active: RSI and MACD turn around in daily charts
Trade active: Stock is up 4 % today
expecting down trend of a while on this one.
+1 Reply
eyesice shaqqs
@shaqqs, true. Let's wait and watch
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Shouldnt we wait for MACD cross over to initiate a buy ? Apologies for my question in case you find it silly.. i have just started learning TA
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eyesice naveenkumar3000
@naveenkumar3000, We should always wait for the candle to breakout from the flag. Hopefully the MACD should crossover when that happens. Set a Tight SL and hold
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