ONGC wave analysis

357
ONGC in corrective wave ABC..
of which wave C(5) in progress..

ONGC has cluster of fibonacci ratio support near 281.
and below that next support is 270

Till now low made 282.50
Upside immediate resistance is 302-305

Currently trading sideways..

Buying opportunity :
conservative view : Breaking of 0-2 trendline

Aggressive view : when ONGC makes low near support and MACD gives +ve Diversion.

Being its last C(5) wave so shorters should stay cautious now.

Disclaimer : I am not SEBI registered. Its just the elliott wave analysis posted on chart.

註釋
ONGC made 280.55 ... wave c(5)
註釋
ONGC made low 280.55 ... wave c(5)


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