ONGC weekly chart is exhibiting confluence of three different trendlines:
1. An upward sloping trendline from Nov'20
2. A downward sloping trendline from Jan'18
3. The horizontal trendline at 120 price range
The price is is a super interesting place and we will be watching where the it will go from here, ready to bring out our ammo, whether it breaks up or down.
