CompoundingGain

ONGC - 227 by Sep 2021 ?

Panjang
NSE:ONGC   OIL & NATURAL GAS
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.






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