NSE:ONGC   OIL & NATURAL GAS
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If traingle breakout happens, first target would be 81.

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Superb analysis, I recovered my losses, but unable to get earnings, keep it up
+2 Reply
chetanbarokar homeokiran
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homeokiran homeokiran
@homeokiran, reentered and got profits with ur support thank u
+1 Reply
Again I entered 80 cell at 3, December series with ur analysis
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chetanbarokar homeokiran
@homeokiran, Buddy I dont know much about F&O but I am aware of few things like premium decay. Overall PSUs are slow mover. And if Nifty corrects in coming days (which it most probably will), then there would be some pressure on PSU stocks like ONGC, NTPC, BHEL. They will move up but may not with the speed you'd expect them to. So please be careful while trading in F&O for stocks like this. Thanks.
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Isn't this stock going bearish. How will it touch 81?
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chetanbarokar Constatine1806
@Constatine1806, as per my analysis, its not bearish. new impulse has started in March 2020.
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On what Basis 81?
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@rachanak, normal 3rd wave would be 100% to 161% of 1st wave. 100% is coming at 81.55. Wave could go beyond that but this would be minimum target.
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rachanak chetanbarokar
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