ONGC - 227 by Sep 2021 ?
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.
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.
Penafian
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