Raghulramdoss

Opportunity to long in ONGC

Long
NSE:ONGC   OIL & NATURAL GAS
This scrip had been trading in channel pattern for a while and now this this scrip had took support at the trend line. The 21EMA is aslo about to cross the 50EMA and it may act as a dynamic support. I expect the bullish momentum to continue for a week so Swing tarders may consider to long this scrip and may hold it for months with SL below the trend line or below the 50EMA. Have your target based on the price action and try to catch with the trend, don't ever try to short this scrip at any moment.

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