One of the Most interesting part of wave theory is Extensions , where usually you will find extensions either at 1 Impulse wave or 3rd Impulse wave in stocks but when you find an extension in 5th wave , its very high likely the 5th of 5th wave will get extended You can visually look the price extending in deep move One can expect the termination near the...
If it breaks trendline long term support it will go down to Rs75 in quick time. SL above 91.
Study :- Now showing trend reversal pattern . Buy above 102.30
positive divergence and good risk to reward ratio.
Long if it breaks the high of the previous day with a stop loss at the previous day's low. Short if it breaks the low of the previous day with a stop loss at the previous day's high. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
ONGC looks good for long till 118-120 levels with SL 101.50 .
LOng for the Traget of 110-115 short term..