ONGC gives a breakout after so many days somehow managed to break a strong falling resistance trendline and gives a strong close above on it so we can say it is a strong breakout on daily chart it is followed by good on volume indicator and giving positive score on MACD indicator too.
Cause of long-:
1- Falling resistance trendline breakout.
2- Good Volumes.
3- Macd positive score and divergence.
Cause of long-:
1- Falling resistance trendline breakout.
2- Good Volumes.
3- Macd positive score and divergence.
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