TraderRahulPal

Clear Breakout seen in ONGC Swing trade idea short term

Long
NSE:ONGC   OIL & NATURAL GAS
We have seen proper breakout in ONGC, Indicator and price action shows a positive momentum in coming time. MACD crossover, Huge Volume, Above 200 EMA as per technical analysis we can see price appreciation in this ticker, which can lead ONGC towards 166+, in short term. So if anyone wants to go long in this ticker wait for best level, which will be 150-152, because after breakout price can come to retest the level. We will definitely get given level in one or two days, if we do not got these levels better to avoid trade as risk and reward will not be favorable for this stock in short term, yeah but if anyone wants to go long for mid term to long term then definitely can go from current level as well, and buy if you get some dip in it. again this was requested by one of my follower.

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Thankyou.
Comment:
it has came down in our best buying zone area,,now take and wait for target

Best Regards,
Rahul Pal
(Full Time Trader & Investor)

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