Daily Chart
- ONGC after a long downward trend has broken above slope and key resistance of 220 with good volumes
- The counter has formed an ascending triangle pattern and has broken out
- The stock is trading above short term averages with bullish momentum bias
- Thus counter could be bought with around current levels (219 - 221) with Stop loss of 214 for targets of 235 - 242+
To Know more above next big move in Major Indian Sectors & to Know more detailed Elliot Wave Counts and where probably markets
are heading towards long, medium and short term levels and which
sectors to be in, educate yourself with us from simple to advanced
technical analysis concepts ….For Workshops on Technical Analysis & Financial Markets Contact Us
Raju Angadi Vishwanath, MS, CMT
Technical Analyst
rvangadi@googlemail.com
+91 78291 55900
No comments:
Post a Comment