This stock is showing positive signs and maybe ripe for trend reversal. It is currently sitting at it's major breakout level and may bounce to at least 271. If 275 is crossed we might have a big break for higher targets.
Scenarios have shown a reversal of trend. Divergence coming in with braking of resistance may have triggered a bullish momentum now. Currently it seems the stock has made a slight correction after having shown a minor bullish rally and this correction should now come to an end with fresh bullish pattern again forming at key Fibonacci level of 0.618 which happens...
Perfect re-test of the structure for Coal India: Confirmation of two pin bars...bearish..followed by bullish
Here is the plan:
Buy with stop loss below the previous pin bar (Green)
TP2 : 290
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ONGC looks good to buy for all time frames. A breakout is soon possible indicating a good bullish run towards 190 in short term, with Crude Oil on support ONGC may soon breakout. For long term a cross of 205 would open up gates for higher targets. There is a possibility of this stock never showing these rates again. This is an excellent long term pick and hence...