ONGC(169) -Low Risk Entry around 165-162 SL 153 tgt 178,188-190
ONGC-price is correcting after making high of 211.8 from the low around 125
and its clearly visible that stock took
support at all important FIB retracement levels
in this down move now its trading at 169
which is .50 FIB level and .618 FIb levels comes at 158 which is previous support (near previous support of 155)
Investment strategy for low risk entry_
buy around 165-162 (previous resistance becomes support ) sl @ 155 on closing base tgt short term target 178 and one can wait 188-190
and its clearly visible that stock took
support at all important FIB retracement levels
in this down move now its trading at 169
which is .50 FIB level and .618 FIb levels comes at 158 which is previous support (near previous support of 155)
Investment strategy for low risk entry_
buy around 165-162 (previous resistance becomes support ) sl @ 155 on closing base tgt short term target 178 and one can wait 188-190