ONGC once penetrates 243-244 mark- Likely it will travel in the zone of 252-254 -Hitting the box the resistance from the top end channel. Once it hits the box & we see it is unable to penetrate on upside & facing resistance- we shall look for selling opportunities in later sessions.
Trading Strategy- Likely going above 243-244 -ONGC could head for upside immediately.
Regards,
Abhishek H. Singh, CMT