1) ONGC has broken the major support and now making a pullback.
2) Current bullish move appears to be a pullback and not reversal. Hence fresh buying has to be avoided for long term positional buyers.
3) The major trend line could now act as a resistance.
4) On day chart ONGC has broken the falling channel top.
2) Current bullish move appears to be a pullback and not reversal. Hence fresh buying has to be avoided for long term positional buyers.
3) The major trend line could now act as a resistance.
4) On day chart ONGC has broken the falling channel top.
Comment:
Channel breakout on day chart
Comment:
Requested to avoid fresh buying on Aug 24 when ONGC was at 175+
Ongc could see further downside towards 125 in days to come
Ongc could see further downside towards 125 in days to come