ONGC Doji - Price Action between Fib Retracement Levels
ONGC has set up a value area last week between the 0.786 and 0.618 Fib Retracement levels with a value price of 84.
The stock made a doji inside the lower part of the value area on Friday which was in line with overall NIFTY movement.
Positional Ideas:
Go Long above 84 for 86
Short below 80.5 for 78, 77, 76
Scalp between 81 and 84 levels
Don't take positional trades In-case of gap openings. Check the price trend and NIFTY trend - follow ORB
The stock made a doji inside the lower part of the value area on Friday which was in line with overall NIFTY movement.
Positional Ideas:
Go Long above 84 for 86
Short below 80.5 for 78, 77, 76
Scalp between 81 and 84 levels
Don't take positional trades In-case of gap openings. Check the price trend and NIFTY trend - follow ORB
Transaction en cours:
Buy Triggered at 83 for T1: 84 and T2: 86
Transaction en cours:
T1 Reached; additional buy triggered for 86 and beyond
Trade fermée: cible de profit atteinte:
Exiting Intraday positions
Commentaire:
The idea is relevant for tomorrow; will re-enter
Commentaire:
Its still in the value area. Don't take short positions unless Support at 80 gets broken with volume
