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ONGC

Discussion in 'Technical Analysis' started by verenmitter2001, Jul 10, 2013.

  1. verenmitter2001

    verenmitter2001 Member

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    Hi Shabbir
    i think ONGC can be a good buy @CMP with stop loss of 295
    Whats your view.
    Regards
    Veren
     
    verenmitter2001, Jul 10, 2013
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  2. shwetagnema

    shwetagnema Active Member

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    it is going down. until it takes some support, I don't think it is a buy.
     
    shwetagnema, Jul 10, 2013
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  3. shankarpatil

    shankarpatil New Member

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    I think its going down too. It could not break the resistance (around 350) and all the patters, candlesticks , MACD, and RSI are not indicating a uptrend.
     
    shankarpatil, Jul 10, 2013
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  4. Prescilla

    Prescilla Member

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    Hi Veren,

    I don't see any sign of buying it. I can see all red candles and it is in down trend according to me.
    Regards,
    PF
     
    Prescilla, Jul 10, 2013
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  5. shabbir

    shabbir Administrator Staff Member

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    I will re-iterate what other have said and wait for the support of 290 to hold and then decide if you want to go long in the leg up or not.
     
    shabbir, Jul 10, 2013
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