If you see the relative strength of ONGC, it was positive on monthly charts back in 2015. After many ups and downs, it's back in November 2023! This might be an upside trend indication. One more indication comes from a reverse head and shoulder pattern that can be seen on the chart, adding to the upside indication.
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Didn't come close to its all-time high but broke out successfully above the level of 192. The next superior level for its retest is 212. if it sustains above this level this month, will march ahead and if not, might get weaker.
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