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vicky252
Jan 9, 2022 8:12 AM

Flag Pattern Break Out in ONGC Long

OIL & NATURAL GASNSE

Description

Date: 9-Jan-2022
LTP: Rs. 157.05
Target: Rs. 175-->185-->200

ONGC has created a flag pattern in its current secondary trend and recently break out from the same with higher volume. It's 7D EMA has crossed over 13D and 26D EMA. MACD and RSI has crossed over to buy zone, indicating the up move from here.
Comments
mentalChile26492
any SL
vicky252
@mentalChile26492, I use the trailing SL indicated by the moving average. For primary/fixed SL, one can look at the immediate support level between 135-130 but better to use trailing SL approach.
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