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ONGC share price chart and stock tips - Stock witnessing selling pressure from resistance @ 240 - updated for 28th December 2015, Monday


ONGC CORPORATION

Above technical chart of ONGC indicates that it is witnessing selling pressure from strong trend line resistance zone @ 240, as long as it holds below bears will be favored and stock may see some further weakness in coming days.

Stock also witnessing selling pressure from 50 DMA this will favor bears.

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Bulls action can be seen once stock closes and holds above its resistance zone @ 240.

So far stock major trend indicators are moving in +ve zone once they turned -ve then selling pressure may happen in ONGC corporation.

On 24th December 2015, Thursday ONGC share price was closed at 234.25.
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Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.