ONGC Low Risk High Reward SetupRSI: Above 60 on Monthly, Weekly, Daily Timeframes indicating momentum on the upside.
RSI MDRP UP on daily timeframe forming near 52 week high.
Energy Sector Outperformance.
NIFTY Oil and Gas Outperformance.
NIFTY PSE Index at Support.
Entry at EOD: 169.6
Stop Loss Trigger: Close below: 167.5 on Closing Basis on Daily Timeframe.
Note: Use Leveraged instruments if possible (Futures or ATM Options)
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Risk Disclosure
DISCLAIMER: Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures , stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains.
If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
All trading strategies are used at your own risk.
