Multiple Trendlines Confluence in ONGC Weekly Chart
ONGC weekly chart is exhibiting confluence of three different trendlines:
1. An upward sloping trendline from Nov'20
2. A downward sloping trendline from Jan'18
3. The horizontal trendline at 120 price range
The price is is a super interesting place and we will be watching where the it will go from here, ready to bring out our ammo, whether it breaks up or down.
1. An upward sloping trendline from Nov'20
2. A downward sloping trendline from Jan'18
3. The horizontal trendline at 120 price range
The price is is a super interesting place and we will be watching where the it will go from here, ready to bring out our ammo, whether it breaks up or down.