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Descendingtrendline

ONGC Gave a Breakout, can expect at least a 50% move?This guy gave a BreakOut after 11.5 years, as we can see in the weekly Time frame it has broken out with a Strong MARUBOZU candle (which indicates a strong bullish candle). We can enter keeping a strict SL below Descending Tl which is 115-113 (risk is as per our appetite). This analysis is just for education purposes. Before entering please ask your financial advisor. Key Points. > We will only enter in those setups where is the risk is very low. > We will only entertain the highest probable trades/set-up. If there is any doubt feel free to reach. Thank you.
NSE:ONGCLong
by Pratik_Barchha