ONGC - Breakout - Ascending Triangle

ONGC has given a clean breakout from the ascending triangle pattern. Generally after the breakout , the price tends to retest the breakout level which is around 79-80. Therefore wait for the stock to retest the breakout point and make an entry only around those levels. Trading using this approach would give you a favourable Risk-Reward setup.

Target 1: 88
Target 2: 90
Target 3: 94

Stop Loss : 76