ONGC long term
ONGC has broken down below the long term wedge pattern. It should continue its downward movement below the wedge. In addition it also has a Head and Shoulders pattern which has already broken down. The volume has been climactic as well.
Bets off if it goes back inside the wedge and does a breakout above. It will turn very bullish in that case, but until that happens, I would stay away from the long side.
Disclaimer: Not a recommendation to buy or sell.
Bets off if it goes back inside the wedge and does a breakout above. It will turn very bullish in that case, but until that happens, I would stay away from the long side.
Disclaimer: Not a recommendation to buy or sell.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.