ONGC likely to cross 160
ONGC has given a breakout from trading range. The stock may touch Rs. 165. However, breakout is on low volume and RSI is already at peak levels. So the stock may fall to test the 150-level before making the move.
Note
ONGC made a low of 147 after breaking out. Buy the stock with a stoploss below 147Trade closed: stop reached
Stoploss hit.
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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.