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Tagged: Dow theory - ONGC - Bearish
The stock forms a sequence of lower top and lower bottom which is bearish according to Dow theory. Short position can be created below 260 with a higher volume, stop loss of 285 and reward of 245
TRADE PLAN:
ONGC – SHORT – ENTRY 260, SL 285, TARGET 245
please opt for those trades where REWARD is more than RISK
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