ONGC seems to have a reversal bull candle from the bottom of the triangle pattern, so give an entry with appropriate Stop loss 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after...
Only for educational purposes. Levels and targets marked in the image. Learned technical analysis at Patil Share Market Institute Aurangabad, Maharashtra. Please share your views.
ENTRY: CMP (126.5) breakout was 121.2 Target1: 168 Target2: 234.4 Target1: 293.25 Stop Loss : 118.8 (Weekly Close). Deep SL 104.15 Will Update Trailing Stop loss whenever required. Duration : 4-5 Years Stock has broken Monthly Trend line which started from Sep 2014. Also last week close was above 121.2 which was Previous Support on Monthly chart same should have...
HERE I SEE ON ONGC CHART 1 DAY TIMEFRAME THERE IS A CUP HANDLE PATTERN AND IN THE CURRENT PRIZE ONGC HAD A STRONG RESISTANCE ZONE I WILL MARK IN ECLLIPSE. SO WHEN THIS LEVEL IS BREAK WE HAVE TO BUY THIS.
Short term Sell if goes below 96 target-95,93 SL-99 Take position at your own risk.
Please follow the levels marked in the chart.
Price making ascending triangle and will break up side in the coming days. Trend line support was the perfect buying opportunity now the second chance will come when price closes above 93 which is the resistance for this pattern.