CompoundingGain

ONGC - 227 by Sep 2021 ?

Long
NSE:ONGC   OIL & NATURAL GAS
This should chug along nice and slowly however eyes on price action and life ! It has to come back to normal at some point and demand should pick up.

101 is where the confluence of the 3 moving averages may happen.

Most likely book profit from 115 and see what's up then.

Currently just retesting resistance turned support .

I'd keep a loose stop loss and let this play out .

Looking for a rejection from the 200 day on the weekly where i intend to load up for the break of the MONTHLY downtrend line and the ride to 227.






Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.