AbhishekHSinghCMT
Long

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

NSE:ONGC   OIL & NATURAL GAS
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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
http://in.tradingview.com
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Following this trade...appreciate all.the details you provided.. Thanks
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So it's below 183 for sometime now. Does the kiss and bounce back idea still holds?
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Sir it just kissed 183, will buy once go above 185... :)
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You took this trade Abhishek?Now in 186,already in profit.
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@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
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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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