Oil and Natural Gas Corporation (ONGC)
Oil and Natural Gas Corporation (ONGC): Strong Bullish Momentum
ONGC has shown impressive bullish momentum, breaking above multiple resistance levels. The increasing volume and positive RSI suggest a continuation of the uptrend.
Key Observations
Upward Trend: The overall trend of the chart is upward, suggesting a bullish sentiment for Oil and Natural Gas Corporation.
Multiple Resistance Breakouts: ONGC has successfully broken above several resistance levels, indicating a strong bullish momentum.
Volume: The volume has increased during the breakouts, supporting the bullish trend.
Positive Indicators: The Relative Strength Index (RSI) is currently above 50, suggesting a bullish bias.
ONGC has shown impressive bullish momentum, breaking above multiple resistance levels. The increasing volume and positive RSI suggest a continuation of the uptrend.
Key Observations
Upward Trend: The overall trend of the chart is upward, suggesting a bullish sentiment for Oil and Natural Gas Corporation.
Multiple Resistance Breakouts: ONGC has successfully broken above several resistance levels, indicating a strong bullish momentum.
Volume: The volume has increased during the breakouts, supporting the bullish trend.
Positive Indicators: The Relative Strength Index (RSI) is currently above 50, suggesting a bullish bias.
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.