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OIL AND NATURAL GAS CORP.
Long

ONGC-Swing Buy-Triangle broken?

By Swinging_Inside_the_BAR
Updated
ONGC snapshot


05.07.2024
Buy 284
Target 326
Stoploss 262

Risk Reward- 1:2

1.Descending triangle broken by crossing previous
previous lower High. Retracement near LH 04 before breakout
2. 200 EMA Rejection & fake breakout. Also 21 & 20 EMA Crossover
3. Oil Gas sector in good movement
4. Price consolidation from last 3 months after great uptrend
5. Volumes increasing in green candles and with good strength in body
Note
Good Movement, Hope trend continues & target reaches in couple of days
Trade active
Thats the great movement. Safe traders can exit.
Trade active
One More excellent movement in bearish day. This indicates strength of this stock
Trade closed: target reached
Target has almost reached at 13.5% with 1:2 Risk Reward.
Trade closed: target reached
Inside BarMoving AveragesONGCSupport and ResistanceswingtradingTrend Lines
Swinging_Inside_the_BAR

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