ONGC : Potential Breakout of 2014

Trade will be active only aboove 318 (Daily Closing basis)

Heading towards 2014 Breakout of 314.55

RSI on all time frames above 70


Daily Chart :
Good consolidation on daily chart.
Broken above level of 293, which now acts as support.

Sequential targets: 356/400/445/480/550

SL : 290