Trade rationale
Other – Study mentioned in Notes Below
The Attached Chart of ONGC below showing a support and resistance lines. On 3 Hour time frame RSI(14) stood at 32, MACD(12,26,9) at -1.5 and ADX(14,14) at 23 confirms the short term buy cll for the script at immediate target at 110 levels and stop loss below 102 levels.
