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

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