ONGC: Is Inverted Head & Shoulder in Process

Atualizado
Head & Shoulder Pattern confirmed on Mid of June 2018.
Neckline Broken on 12th June 2018 near @ 172 Level.
Till now never Touched @ 172, Crucial for Any Uptrend but good for Pull Back Rally.

STRONG Above @ 159.80 (By closing, two consecutive days)

Due details plotted on Chart.

Education Purpose only.
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Nota
ONGC are expected to report sequential increase in EBITDA driven by;
#1) higher gas prices, (2) a weaker rupee and (3) lower operating costs, which will be partially offset by lower net crude realization.

Q1 earnings preview By One of the Global Agency, Also Agreed with them.
FibonacciHead and Shoulders

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