ONGC gave a breakout yesterday from my levels and is again forming inverted flag and pole pattern. My stance on ONGC is neutral.
Upward movement : Can be traded at breakout at around 67.70 and target of 69 and 70.(According to Pivots)
Downward movement : Can we traded at breakout around 67 and target of 67.25 and then 64. (According to Pivots)
I've been tracking M&M whole day today. M&M is forming a inverted Cup and Handle pattern as drawn in the chart. It has a very crucial support of 600 which it tried to break a lot of times but failed.
I think it will breakout downward tomorrow.
Can be shorted below 599 and target of 580 and 590 respectively.
Publishing my first trade idea. New to this. Please bare with me.
HDFC is forming a symmetrical triangle on 5 min candle. It can break up or down tomorrow.
Long position - Enter around 1206 and small target of 1219 and next target of 1230.
Short Position - Enter at the candle close of the downside breakdown. Target of 1193 and next target of 1180.