ONGC still pending a down move?
According to Elliott Wave analysis, ONGC looks into last phase of its short term down move.
After trending impulse, the stock is into Flat Correction. Wave C of Flat correction should have 5 moves in it. And we can see 4 moves until now. So we can say ONGC is in wave 4 of wave C of Flat correction.
ONGC may go further down a little more to form wave 5 of wave C. This level may come at 61.8% retracement of the previous impulse.
This analysis is for educational purposes only.
After trending impulse, the stock is into Flat Correction. Wave C of Flat correction should have 5 moves in it. And we can see 4 moves until now. So we can say ONGC is in wave 4 of wave C of Flat correction.
ONGC may go further down a little more to form wave 5 of wave C. This level may come at 61.8% retracement of the previous impulse.
This analysis is for educational purposes only.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.