techtrail

ONGC: Medium Term Trend bullish

Lång
techtrail Uppdaterad   
NSE:ONGC   OIL & NATURAL GAS
The stock has been moving up steadily and undertone looks bullish. Price has cleared resistance and the supports are holding: a classic sign of uptrend. Am expecting a rally to 298.8.
Trade stängt: målet nått:
Price is within the striking distance of the target mentioned earlier. Tighten stops and/or exit partially.
Kommentera:
Price reaches the target and cools off a bit. Have a look at the daily chart featured below.


Price has broken below the red-dashed-support line. In all probability, expect a slide to the lower red support line. This would be confirmed if the price fails at the broken support line at 275-ish, which would now act as resistance.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.