Tuesday, February 11, 2014

ONGC Trade setup

Hi friends,
                   Looking at ONGC chart ,It gives us a opportunity to trade long.
Lets look at the elliottwave counts on the chart.
ONGC Trade setup
If we see from the chart
we have seen a small
impulse followed by a big
abc correction.
Here we can hav e a smal
long in dip around 272-270
for a target of 283.
Above 283 the stock can
do very good ,For the time
being 283 would be the

target stoploss would be 265 ,Lets see how ongc performs.



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