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ONGC - 11th September 2016

Discussion in 'Chart of the Week' started by shabbir, Sep 12, 2016.

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  1. shabbir

    shabbir Administrator Staff Member

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    ONGC.png
    • Awesome support at around 190.
    • Very good consolidation between 200 and 220
    • Then a breakout above 220 and retesting 220 but not breached.
    • Breakout above 240 and then above 260.
    Thanks to @shreeganeshchikhali for sharing breakouts of the week and it helped me identify this chart as I don't track ONGC
     
    shabbir, Sep 12, 2016
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  2. dev

    dev Member

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    Ongc has been in the news. But iam staying away from this stock. Don't have faith in this stock. Just instincts. That's all. What do you think Shabbir?
     
    dev, Oct 2, 2016
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  3. shabbir

    shabbir Administrator Staff Member

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    Thats perfectly fine. I am also never invest in any OIL and Govt intervention in profits and thats ok but if we see good patterns, it is always a good learning curve even if you don't invest in it.
     
    shabbir, Oct 3, 2016
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