AbhishekHSinghCMT

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

Long
NSE:ONGC   OIL & NATURAL GAS
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

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