ONGC
Cmp 117.95
At current levels the stock looks good from Buying perspective.
Target for the current setup 133 / 138
Stop loss if closing below 114
Take care & safe investing...!!!
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...
In My Previous post on this scrip was to buy on brake , but it did not pan out , Now the current structure indicate the down side move is very little
one can look for reversal on 1 hour or day basis for buy set up and look to book near the forecast
![ONGC: [Positional] ONGC Buy Idea](https://s3.tradingview.com/9/9UTUtAA9_mid.png "[Positional] ONGC Buy Idea")
