ONGC: Medium Term Trend bullish
The stock has been moving up steadily and undertone looks bullish. Price has cleared resistance and the supports are holding: a classic sign of uptrend. Am expecting a rally to 298.8.
Trade fechado: objetivo atingido
Price is within the striking distance of the target mentioned earlier. Tighten stops and/or exit partially.Nota
Price reaches the target and cools off a bit. Have a look at the daily chart featured below. Price has broken below the red-dashed-support line. In all probability, expect a slide to the lower red support line. This would be confirmed if the price fails at the broken support line at 275-ish, which would now act as resistance.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.