vish000agr

Multiple indicator suggesting a short

Short
NSE:ONGC   OIL & NATURAL GAS
Price as retraced at 38.2% of impulse fall from Nov 19, Touching a trend line , and local resistance area , Also there is RSI divergence on weekly chart.

We can look to sell if price hold below 87 strictly for target of 70-73. But if goes above 87-88 and holds the then we can look for buying opportunities above 90.

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