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BharatJhunjhunwala

Taking support a very important level. Price action positive

Long
OIL & NATURAL GAS (NSE:ONGC)  
BharatJhunjhunwala  
NSE:ONGC   OIL & NATURAL GAS
Chart Patterns Technical Indicators Wave Analysis ONGC nse BSE options-strategy bharatjhunjhunwala prorsi rsi_oversold ichimoku_trader macdcross
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chartpattern indicator waveanalysis ongc nse bse options-strategy bharatjhunjhunwala prorsi rsi_oversold ichimoku_trader macdcross
The stock has made healthy retracement and have now it’s resting on the Kumo. Today’s price action was quite convincing to re-establish the buyers into the stock. The RSI is taking support on the bullish extreme levels with MACD curling up indicating momentum is picking up. If ONCG gets overall support from Nifty, the stock is expected to pull up strongly from these levels the short term targets may be set at 149-154 zones. 125 levels are important support levels for the stock.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
www.prorsi.com
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