FUTURE :
“BULLISH
ONGC ABOVE 235 TGT 240/250”
“BEARISH
ONGC BELOW 230 TGT 225/215”
DAILY CHATS
Overall trend of the stock is weak, it is accumulating at the lower levels and is sutaining below the falling trend line. It is likely to show recovery with the breakout of the trend line at the level of 235. Further the stock can trading with the RSI above 30, in near term buying opportunities can be seen in it. One may take long position in the stock above the level of 235 with the stop loss of 325, where longs can be covered at the levels of 250.
Daily
Level
|
R5
|
R4
|
R3
|
R2
|
R1
|
BULL
|
LOC
|
BEAR
|
S1
|
S2
|
S3
|
S4
|
S5
|
244
|
239
|
235
|
232
|
230
|
229
|
227
|
225
|
223
|
222
|
219
|
214
|
210
|
Weekly
Level
|
R3
|
R2
|
R1
|
REVERSAL
|
BULL
|
LOC
|
BEAR
|
REVERSAL
|
S1
|
S2
|
S3
|
296
|
277
|
264
|
249
|
245
|
241
|
237
|
232
|
217
|
205
|
193
|
Days
|
BSE
|
NSE
|
30
|
272.96
|
272.93
|
50
|
287.30
|
287.26
|
150
|
311.16
|
311.15
|
200
|
323.88
|
323.90
|
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