ONGC has breaked out the triangle pattern in 1H , facing the resistance , once the price sustain above the resistance , High probability of long side trade.
JINDAL STEEL forming the triangle pattern, waiting for the breakout.
if it closes above the Resistance line , bullls might take charge,
if it closes below the trend line support , bears might take control.
Right Now we cant decide the trend, we can decide only after the breakout.
And we have to be careful with False breakouts.
Purely Price Action.
