AbhishekHSinghCMT
Long

ONGC- Above 268 -Inverse H&S Pattern Target for 295-300 Zone

NSE:ONGC   OIL & NATURAL GAS
224 views
6
There is an inverse head & shoulder pattern or Kilroy pattern as named by Edwards & Magee. Above Swing High 268 -If prices sustains -one can look for Inverse H & S Target Zone of 295-300 which is the vertical distance from head to neckline & projected above neckline which gives the target zone 295-300.


Previous Analysis
Trade closed: target reached: 15:15 Hrs 10th Dec2016

Target Achieved for the pattern at 306
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

Hi abhishek,

There is some sharp changes occurs in selling direction.
Reply
Sid, That's why I told above 268 -should look for buying. Made a high@263-264 & started falling. Let me come back to you in this front.
Reply
Sid4053 AbhishekHSinghCMT
Thanks, now I understood, Since it didnt touch 268, so it can't keep up the buying pressure and it falls, right?
Sorry probably having beginners doubt.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out