ONGC LOOKING BULLISH
It is forming a CUP and Handle Patter
And a bullish channel
Upside targets
T1= 116.50
T2= 121.50
T3= 122.50
T4= 125.70
Currently retracing to form handle and touching lower line if the channel at 0.382 (112.85) of FIB retracement. If sustained, then it can quickly achieve targets on long side and it is not sustained then the fresh targets for downside are
T1 = 109.85
T 2= 106.90 ( if breached can see lower targets till 97.5 which will act as support)
NOT A FINANCIAL ADVICE ONLY FOR LEARNING
T~1 = 116.50
And a bullish channel
Upside targets
T1= 116.50
T2= 121.50
T3= 122.50
T4= 125.70
Currently retracing to form handle and touching lower line if the channel at 0.382 (112.85) of FIB retracement. If sustained, then it can quickly achieve targets on long side and it is not sustained then the fresh targets for downside are
T1 = 109.85
T 2= 106.90 ( if breached can see lower targets till 97.5 which will act as support)
NOT A FINANCIAL ADVICE ONLY FOR LEARNING
T~1 = 116.50
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