ONGC Cup and Handle formation
BUY @ CMP
TGT - 141.65
SL - 112 on closing basis
Time Frame - 15 Days
There is a cup and handle formation on the daily charts of ONGC. It may retrace to 119.50 to test support and give a rally from there on.
Keeping a Stoploss is very important in this trade because the overall rally in the broader market seems a bit overbought and stretched.
TGT - 141.65
SL - 112 on closing basis
Time Frame - 15 Days
There is a cup and handle formation on the daily charts of ONGC. It may retrace to 119.50 to test support and give a rally from there on.
Keeping a Stoploss is very important in this trade because the overall rally in the broader market seems a bit overbought and stretched.
Note
Trail Stoploss to 120
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.