Disclaimer

All the contents of http://www.tipsonshare.blogspot.com / http://www.tipsonshare.blogspot.in are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. http://www.tipsonshare.blogspot.com /
http://www.tipsonshare.blogspot.in
shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Advertisement

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



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.

Suggested reading - Click link below to read article on how to make money.

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.

No comments:

Post a Comment

Blog Archive