Price reached their resistance area so...it will definitely moves down Technical indicators clearly confirmed this setup.
Queue is up now. Let's see it reach reaches the take profit or not.
TP - 3113 SL - 3029 SMA 21 is changing their direction and breaking the Trendline.
SMA acts as Resistance area which confirms Trendline. Strong Support at 1475
The chart clearly explains everything. Let's see what it happens tomorrow
A nice pin bar occurs at trendline which act as support and resistance.. Better it will move up..So go for Long option here...
ONGC go for short position. Keltner bands acts as resistance and a nice pin bar forms at S/R zone. The fibonacci retracement occurs at 61% and it shows another confirmation that price will go below. Meet you at Target zone.
PNB Punjab National Bank goes to Short position..
Go for short position here... Stop Loss - 420 Target - 380
Actually MACD will move in downward direction and Stochastic shows it clearly...Risk and Reward mentioned in the chart. Happy Diwali!!!
Check MACD and Stochastic clear signals
Using technical analysis, it shows clear short option to go!