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Multipletimeframeanalysis

ONGC I OIL Burning Bright : Inverted H&S Pattern!!Hello Traders, - ONGC is trading at a place called AOI (Area of Interest) A place from where price usually reverses. - 218 levels is acting as a strong support pushing prices higher after a intraday low of about 3% making a big pin bar candle on 1D chart - Inverted head and shoulder on 15m timeframe. PRO TIP/- The Entry Line is the Neckline of the inverted Head and shoulder. Target 1:- 228 Target 2 :-231 Entry Criteria Strong Close above Entry Line (225) 15mins TF Stoploss Entry Candle Low (not more than 0.8%) Not an Investment Advise
NSE:ONGCLong
by REUBEN_EUSTACE