ONGC Doji - Price Action between Fib Retracement Levels

Actualizado
ONGC has set up a value area last week between the 0.786 and 0.618 Fib Retracement levels with a value price of 84.
The stock made a doji inside the lower part of the value area on Friday which was in line with overall NIFTY movement.

Positional Ideas:
Go Long above 84 for 86
Short below 80.5 for 78, 77, 76

Scalp between 81 and 84 levels

Don't take positional trades In-case of gap openings. Check the price trend and NIFTY trend - follow ORB
Operación activa
Buy Triggered at 83 for T1: 84 and T2: 86
Operación activa
T1 Reached; additional buy triggered for 86 and beyond
Operación cerrada: objetivo alcanzado
Exiting Intraday positions
Nota
The idea is relevant for tomorrow; will re-enter
Nota
Its still in the value area. Don't take short positions unless Support at 80 gets broken with volume
Chart PatternsDojiFibonacci RetracementpositionalpriceactionTrend Analysis

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