Purvil-kanadia
Short

ONGC HITS FIRST FIBONACCI LEVEL

NSE:ONGC   OIL & NATURAL GAS
ONGC
ONGC has hit the first fibonacci level and is expected to retrace from the point since a bearish candle has formed.
On a weekly chart, its clear bullish until it break 178, what say
Reply
@shiv643, it seems more like a double top consolidation phase to me, with a major support near 160-165 zone. However, an important thing to be noticed is that stochastic is in the oversold zone...so you can expect a technical pullback on a weekly scale.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out