ONGC has broken down below the long term wedge pattern. It should continue its downward movement below the wedge. In addition it also has a Head and Shoulders pattern which has already broken down. The volume has been climactic as well.
Bets off if it goes back inside the wedge and does a breakout above. It will turn very bullish in that case, but until that happens, I would stay away from the long side.
Disclaimer: Not a recommendation to buy or sell.
Bets off if it goes back inside the wedge and does a breakout above. It will turn very bullish in that case, but until that happens, I would stay away from the long side.
Disclaimer: Not a recommendation to buy or sell.
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.