We might see Gap Up opening above 17400 but less than 17500.
17400 will act as support for the day with 17500 as resistance and 17600 as super strong resitance.
Confirmations
1. Break in Long term Trend with retest
2. Break in neckline of inverted H&S.
SL: Can be put below recent swing low, trailing it upwards
All view are personal and by no means constitute financial advice. Trade at your own risk.
ONGC is forming a triangle, having given a breakout with retest done recently.
Perfect for buying at CMP of 120.
Stoploss can be placed at recent swing low.
PS: These are my personal views and do not in anyway constitute trading / financial advice.
