techtrail
Long

ONGC: Will the Lower Time Frame Support Hold?

NSE:ONGC   OIL & NATURAL GAS
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9
Price is in a strong uptrend in the daily chart . The immediate support is highlighted in the 15-min chart. Will the slide halt at this support?

Your Guess is as good as mine. Let price play its card first, we can always react based on that. No Guess Work.
Comment: Wasn't that interesting? Simple, no-nonsense approach to trading / analysis. Price took support at the red line and bounced. A simple concept of studying the price action & volume at support / resistance level would be a good enough way to take trade decisions.

Comments

Dude, the Hammer is paying well here.
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