Cues from Futures market - ONGC may touch 228 by June Expiry. Dash line should not be broken and hence stop loss to be maintained
Intraday short.... Educational purpose only
ONGC has close relation with OIL and is one of the largest Indian PSU company to drill and explore.
bearish cyper div in rsi and rioll trendline
Good BUY for Medium Term. Stop Loss for Longs = 287
Bearish, however, may be a chance of broken resistance acting like a support. market may move upward.
290 targetting bullish bat completion .. watchout
