ONGC is breaking out of the Inverse Head & Shoulders pattern it was forming since February. The price has broken out from the neckline and there is an expansion in the volume. I have made an illustration on the left-hand side, to explain the pattern.
Targets: 128, 137, 140, 146.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Targets: 128, 137, 140, 146.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Komen:
Target 1: Reached âś…âś…
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView
âś… Telegram: t.me/johntradingwick
âś… Blog: tradingwick.in/
âś… Rounding Top pattern: tradingwick.in/chart-patterns/rounding-top
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView
âś… Telegram: t.me/johntradingwick
âś… Blog: tradingwick.in/
âś… Rounding Top pattern: tradingwick.in/chart-patterns/rounding-top