ONGC ( Futures ) has closed at 363.10. This stock has
given a break down today with almost 5 % down bar. Please see the chart below
for better visual understanding. Since the break down has happened, our system
forces us to take the position. One can
take the short position for a very
short term trading period. Short term targets can be set at 355 and 345. A close
below our second target of 345 can take this stock at 336 kind of levels. A strict
and closing basis Stop Loss must be maintained at 375.
These technical charts helps a lot in understanding about market movements in a better manner. Market experts can earn theorems good returns by always keeping a good track record of market movements. Live updates are shared by epic research as well.
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