rdkriplani

ONGC - Short term Long trade

NSE:ONGC   OIL & NATURAL GAS
Long at CMP. (67.25)
SL: 65
Target: 71.

Stock bounced at a previous support which also having a +ive divergence on the RSI.

Ps: A lot of trades are more short term these days because of american elections when historically volatility is always high. Covid uncertainty adds additional volatility hence shorter term trades.

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