ONGC (Daily):
1. Stock has given Breakout from Ascending Triangle
2. RSI= 67 (bullish sign)
3. Good volumes on Breakout
4. Stock has reversed from 20 Days Exponential Moving Average
5. Stock has broken 52 Week High
View Point:
1. Some Quantities of the stock can be added on some retracement for Long Term and some quantity can be added at current levels.
Addl Points:
1. FII/FPI have increased holdings from 8.08% to 8.87% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 6.52% to 6.19% in Dec 2021 qtr
Note:
1. The above analysis is just for educational purpose.
1. Stock has given Breakout from Ascending Triangle
2. RSI= 67 (bullish sign)
3. Good volumes on Breakout
4. Stock has reversed from 20 Days Exponential Moving Average
5. Stock has broken 52 Week High
View Point:
1. Some Quantities of the stock can be added on some retracement for Long Term and some quantity can be added at current levels.
Addl Points:
1. FII/FPI have increased holdings from 8.08% to 8.87% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 6.52% to 6.19% in Dec 2021 qtr
Note:
1. The above analysis is just for educational purpose.