OIL & NATURAL GAS - INSIDE BAR PATTERN!

OIL & NATURAL GAS

#ONGC is moving in a narrow range & has been trading in an INSIDE BAR PATTERN from 2 days.

RSI is moving sideways near 50-level.
TT2 Daily and 30Mins trends are Bearish.

As per Inside Bar Pattern Rules:
If the prices break 84.15 with volume & conviction, the next resistance is 85.90/86.65.
The Support is 82.45 or the Inside bar low of 81.10.

If the prices break the candle low of 81.10 with volume and conviction, the next support is 79.50/78.30 on 30mins chart. The resistance is 82.45 or 84.15.

KEEP AN EYE!!

***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.