minchu

Can ONGC sustain the upmove?

BSE:ONGC   OIL AND NATURAL GAS CORPORATIO
ONGC has formed bearish divergence with respect to money flow index. Also price is close to minor resistance. It has failed to close above 200 EMA . These factors contribute to the negative bias. If the stock closes above 200 ema and minor resistance line it might show further upmove in coming days.
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