ONGC has given breakout from falling trendline with huge volume. Also it is trading above 10 & 20 WEMA which is in positive mode (crossover). It is also trading above 50 WEMA. On upside 184-185 is major resistance zone which is close to falling long term resistance line. RSI is showing that still some upward heat is left in counter.
One can buy ONGC in between 165-163 zone with stop loss below 157 for target 177-180-184.
One can buy ONGC in between 165-163 zone with stop loss below 157 for target 177-180-184.
Trade active:
call is active. CMP 172. trail stop loss to 165.
Trade closed: target reached:
Made high of 178. Book 100% profit.