BSE:ONGC   OIL AND NATURAL GAS CORPORATIO
It has been observed that the price action formed a double bottom at 155-157 levels and now showing strength and pushing up price action to new highs and changing the trend from lower lows to higher lows and higher highs. It is a positive indication and the stock shall perform well in coming session.

T1- 170
T2- 175
SL- 162
Trade active
Trade closed: target reached: Target 1 reached successfully. Thanks
Trade closed: target reached: Target 2 also reached. Thanks
170 is big resistance for it. As it is unable to break to it and reversed, it can go down to 156 level

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NeeteshJain MohanishNehete
@MohanishNehete, Yes, you observed it right. We shall get the clarity by next week. Thanks
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@NeeteshJain Do you recommend it for bit longer term ...i am in at your entry levels ... thanks
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@mihirksh, Yes, if you have a position in cash. Thanks
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ur ideas are good, but one suggestion is dont keep revising the SL..
+2 Reply
@naveendtc, I shall do my best to avoid it but in consolidating markets I had to revise stoploss in order to be with the trend. I appreciate your suggestion. Thanks
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