ONGC - Cypher with 183 &178 -Key & Critical Support for 190+

529 6
Mini Double Bottom if holds 180-183 with Cypher D-Point at 183- Don't jump into the trade -let it show the commitment by moving above 185 post kissing the double bottom zone 180-183 & holding that key zone.
Once it starts moving above 185 that will be the point to jump into the trade keeping your X-point intact & critical support in 178-179 Zone.

Stoploss- Below 178

Activates above- 185 post holding & kissing 183.

Target - 190- 195 & Above 195 More
Trade closed manually: 20:28 Hrs 18th May2017

Last Price@180.90

Did not hold 183 & also went below X-low so structure invalidates, but above 185-187 it looks bullish for higher targets like 190-195 zone.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Following this trade...appreciate all.the details you provided.. Thanks
So it's below 183 for sometime now. Does the kiss and bounce back idea still holds?
Sir it just kissed 183, will buy once go above 185... :)
You took this trade Abhishek?Now in 186,already in profit.
@piptamil, It did not kiss the zone . Now it will kiss the zone & once it starts moving above 185 then it activates for upside next
HappyVijay AbhishekHSinghCMT
@AbhishekHSinghCMT, Abhi Thanks for showing your views on ONGC which i was requested you 2-3 days back. :) I have 2 more request :) please tell your views on Hindalco & Heromotor ... i have marked as per my capacity ... have a look to this links .... &
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