ONGC: Chart set up & view
Aggiornato
ONGC
CMP 67.5
Observation
- the current low of 64 odd levels is higher than the previous lows
- zone of 68-71 is crucial for ONGC
given the set up, one may consider to buy for target of 78 / 82 / 93 / 102 / 114
exit if stock gives a weekly close below 60
Disclaimer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand the fact that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
CMP 67.5
Observation
- the current low of 64 odd levels is higher than the previous lows
- zone of 68-71 is crucial for ONGC
given the set up, one may consider to buy for target of 78 / 82 / 93 / 102 / 114
exit if stock gives a weekly close below 60
Disclaimer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand the fact that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nota
Technical Analysis working to perfection
Notice the support of 71... the sudden rise once it sustained above the trendline....
We can never time the market but when time comes, we can surely make the most of it...
Enjoy the ride :-)
Happy trading...!!!
Nota
Target of 93 done. Today's high so far 94CMP 92.30
Partial profit booking may he considered
Happy trading...!!!
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