ONGC trade ideas
Buy ONGCONGC looks good to buy for all time frames. A breakout is soon possible indicating a good bullish run towards 190 in short term, with Crude Oil on support ONGC may soon breakout. For long term a cross of 205 would open up gates for higher targets. There is a possibility of this stock never showing these rates again. This is an excellent long term pick and hence one should stay invested.
ONGC can be a potential buyAfter a strong upward movement its coming down but there can have 2 possibilities
1)Once consolidation overs(takes support(marked with green )at previous resistance then HH&HL formation in lower timeframe) can be a entry for LONG.
2) If it breaks below upper support level and then there might be chances that it will take support at next support level.
Again we have to wait for the confirmation then take entry for long.