CompoundingGain

101 up next ..

Long
NSE:ONGC   OIL & NATURAL GAS
Follow up to an earlier trade of this so HTF chart is on my feed if anyone cares.

Always like coming back to the ones which pumped recently and have made their local bottom.

This looks it has and it tested support at 81.80 2 times and is now sitting on a gorgeous spot on the daily just below the 99day and with a lot
of room to move above till our friend the 200 day will most probably knock us back down one last time.

So think its a good trade for a quick 15-18% from here 82.15 is a good entry expecting a wee pull back but lets see how it goes.
115 Should come pretty fast as well but shall look to enter again once we flip 101.

BUY 81-86
SL 80.90
TARGET 101.10

Comments

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