ONGC still pending a down move?
According to Elliott Wave analysis, ONGC looks into last phase of its short term down move.
After trending impulse, the stock is into Flat Correction. Wave C of Flat correction should have 5 moves in it. And we can see 4 moves until now. So we can say ONGC is in wave 4 of wave C of Flat correction.
ONGC may go further down a little more to form wave 5 of wave C. This level may come at 61.8% retracement of the previous impulse.
This analysis is for educational purposes only.
After trending impulse, the stock is into Flat Correction. Wave C of Flat correction should have 5 moves in it. And we can see 4 moves until now. So we can say ONGC is in wave 4 of wave C of Flat correction.
ONGC may go further down a little more to form wave 5 of wave C. This level may come at 61.8% retracement of the previous impulse.
This analysis is for educational purposes only.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.