ONGC: Is Inverted Head & Shoulder in Process

Jul 7, 2018

Head & Shoulder Pattern confirmed on Mid of June 2018.
Neckline Broken on 12th June 2018 near @ 172 Level.
Till now never Touched @ 172, Crucial for Any Uptrend but good for Pull Back Rally.

STRONG Above @ 159.80 (By closing, two consecutive days)

Due details plotted on Chart.

Education Purpose only.
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Jul 9, 2018

Note

ONGC are expected to report sequential increase in EBITDA driven by;
#1) higher gas prices, (2) a weaker rupee and (3) lower operating costs, which will be partially offset by lower net crude realization.

Q1 earnings preview By One of the Global Agency, Also Agreed with them.