ONGC - Inverse Head & Shoulders BO + volume expansion

ONGC is breaking out of the Inverse Head & Shoulders pattern it was forming since February. The price has broken out from the neckline and there is an expansion in the volume. I have made an illustration on the left-hand side, to explain the pattern.

Targets: 128, 137, 140, 146.

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Note

Target 1: Reached ✅✅

johntradingwick

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView

✅ Blog: tradingwick.in/
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