AkshayAhuja

ONGC consolidation on support level

Long
NSE:ONGC   OIL & NATURAL GAS
ONGC has been consolidating near the support zone , formation of green candle closing above the previous candle can result in bounceback from support level.
ENTRY LEVEL- 160
The target can be upto 61.*% retracement that is at 165 with stoploss at 155 ie just below support zone.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.