ONGC I OIL Burning Bright : Inverted H&S Pattern!!
Hello Traders,
- ONGC is trading at a place called AOI (Area of Interest) A place from where price usually reverses.
- 218 levels is acting as a strong support pushing prices higher after a intraday low of about 3% making a big pin bar candle on 1D chart
- Inverted head and shoulder on 15m timeframe.
PRO TIP/-
The Entry Line is the Neckline of the inverted Head and shoulder.
Target 1:- 228
Target 2 :-231
Entry Criteria
Strong Close above Entry Line (225) 15mins TF
Stoploss
Entry Candle Low (not more than 0.8%)
Not an Investment Advise
- ONGC is trading at a place called AOI (Area of Interest) A place from where price usually reverses.
- 218 levels is acting as a strong support pushing prices higher after a intraday low of about 3% making a big pin bar candle on 1D chart
- Inverted head and shoulder on 15m timeframe.
PRO TIP/-
The Entry Line is the Neckline of the inverted Head and shoulder.
Target 1:- 228
Target 2 :-231
Entry Criteria
Strong Close above Entry Line (225) 15mins TF
Stoploss
Entry Candle Low (not more than 0.8%)
Not an Investment Advise
Trade closed: target reached
Target 1 and 2 hit !!! Great work everyone
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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.
Related publications
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.