ONGC made a cup and handle pattern, and it is on a major resistance level 180.
when it break 180 level, then buy 182.5 level to go 190-195 level.
if breakout candle is big then wait to retest then take position.
nifty is in strong bearish trend, and also on 23.8.. % fib level, it has broke the level but next candle pull back 50% of the prior candle,but due to strong bearish trend i think nifty should go bearish more and touch 11,200 level soon.
