ONGC Descending Channel BREAKOUT - Bullish | Target 190

Jan 4, 2022

ONGC has given a amazing breakout from Descending Channel Pattern at the level of 145.
A amazing Swing trading opportunity can be grabbed from here. Go through the details mentioned on the chart.

SETUP

Entry - 145 - 148
SL - 135
TARGET - 162, 170, 190

Enter 50% QTY now and Rest can be added at Retest of the support


REASONS OF THIS TRADE
1. Fundamentally Strong Company
2. Price is above 1200, 100, 50 & 20 Days EMA
3. RSI is also at good level of 54
4. Channel pattern Breakout.
5. Retest From Support can give amazing Return
6. Attractive Risk reward Ratio 1 : 2.5

THANK YOU
BY - akshaybatra020