A sharp rally very likely

515
ONGC CMP 252

Elliott- the c of B wave is underway. We know that the c waves are a sharp move. Hence this rally should get over around 287. This is a good 14% from CMP.

MA- price above the three MA's is conforming the rally.

Composite- the oscillator above the MA is confirming the rally.

Conclusion - Expect a sharp rally next week in this counter.

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