ONGC--Observations: ---->> Price reached the strong Resistance at 165-167 zone. ------->>previous strong sell off happens here, after a long time it is testing Supply zone again. ------>> Strong fall and weakness in buyers is observed. -------->> Look for sell side opportunity or buy on breakout of this zone.
ONGC go for a buy if script breakouts and gives you s candle stick confirmation. aggressive traders can buy after daily chart breakouts conservative traders can wait for a retracement at new support along with a candle confirmation. patience will be key also go for min tp of 15% , T1 and T2 are recommended targets trade with trend is also used as an analysis
NSE:ONGC already has nearest to their supply zone (143 - 145) and has activated Harmonic BAT pattern with the level of 0.886. BUY : Buying only applicable if price will cross above 145 level and sustains to close on daily basis with high volumes and good momentum. SELL : If any rejection at 143 -145 , might activate Sellers for selling up to 128 -131 and...