ONGC BULLISH MOVE
Ongc running in a progressive channel since Sep 22.
When price touched lower level of the channel it gave bounce of 13-25%.
Will ONGC repeat it again ??
Buy ONGC At Cmp 156.9
SL - 146 ( Weekly Closing Basis )
Target - 180/190
Cup & Handel Patern Breakout
Technical Analysis
BUY : ONGC
CMP :- 173
Breakout Price :- 180
Targate 1: 193
Targate 2: 208
Targate 3: 224.60
This call is only for education prupas only any PROFIT & LOSS I am Not responsible
Can look for shorting Opportunities considering previous fall and rejecting the trendline several times, Wait for 30 mins for 1Hr candle close.
Please do follow and support me for more such trades and checkout my other analysis as well.
ONGC
Cmp - 142
Stop - Nil, Add on relevant dips
Expectation -
T1 - 150
T2 - 160, Review at 160
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
Disclaimer:-
Not a SEBI registered advisor
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
