ONGC - Trade with caution

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Trade with caution.
Nota
Still within the triangle, wait for closing outside triangle for two sessions, Then we can see movement. Good Luck.

Note:- My Analysis is not recommendation, It is just some info, which you can use and make your own judgement.
Nota
is it silently completed CUP and Handle ???
Nota
Excellent upmove today..

Be cautious at 192 - 193. Closing above 193 is good sign for more upmove.
Trade attivo
180CE @ 8.10 2 Lots
Nota
Closing above 185 3 days in a row is good sign.

Brent Oil touched 78$ ...

Tomorrow will be volatile due to election result, If it closes above 185 tomorrow then we could see 193 by expiry..
Nota
ONGC cash touched 192. and 180CE touched 13.25

If it closes above 192 and tomorrow starts in positive trend in first 1 hour, we have good up move. Otherwise take a judgement
Nota
Recovered from 175 (day's low) to 186 (day's close) .... Still having hopes for uptrend.
Nota
Brent Oil touched 80$ ... fingers crossed
Nota
192 seems strong resistance. need more energy to break 192-195 resistance and move more up hill
Nota
Missed good opportunities of 180CE @ 13.4 and 12.25 ...

Do i get such opportunity again ?
Nota
probably will consolidate below 180 upto May expiry.

Will exit tomorrow ..
Trade chiuso manualmente
Loss 60000/-
Chart PatternsTrend Analysis

Declinazione di responsabilità