ONGC - 227 by Sep 2021 ?
This should chug along nice and slowly however eyes on price action and life ! It has to come back to normal at some point and demand should pick up.
101 is where the confluence of the 3 moving averages may happen.
Most likely book profit from 115 and see what's up then.
Currently just retesting resistance turned support .
I'd keep a loose stop loss and let this play out .
Looking for a rejection from the 200 day on the weekly where i intend to load up for the break of the MONTHLY downtrend line and the ride to 227.
101 is where the confluence of the 3 moving averages may happen.
Most likely book profit from 115 and see what's up then.
Currently just retesting resistance turned support .
I'd keep a loose stop loss and let this play out .
Looking for a rejection from the 200 day on the weekly where i intend to load up for the break of the MONTHLY downtrend line and the ride to 227.
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.