ilmscore | Prediction Details
"ONGC this is a monthly chart that I'm telling you it's in front of you you can see a 2014 the stock saw a resistance here again one more resistance it now if you see here the stock went down now what I've done I've also drawn one more resistance line now if you see here resistance point number one almost there two almost there three here you can see it broke out it also retested and now what is is it doing it is actually testing its alltime high that it had done in 2014 so you can see here this is again a monthly candle so last month has it broken out out of it yes can we see a retest in this month yes but you'll say or but it is not clear but the month is not yet over we'll have to wait till the month closes and then we will be able to understand with conviction whether the stock is showing power or not so what to do with with such stocks simple add it to the watch list try to study try to analyze how does the stock behave post almost a 10 year you know consolidation phase post a 10 year breakout kind of a situation how is it behaving in this month because there could be two chances it could also say that uh this is it I'm tired and it could go down but the thing is that the sector is looking powerful and that is the reason why this stock will be really interesting to study"
By CA Rachana Phadke Ranade | August 9, 2024 | Pending
From video
Two Stocks at Multi Year Breakout? | CA Rachana Ranade 00:08:06 - 00:09:24
Interpreted Prediction
ONGC has broken out of a 10-year consolidation phase and is testing its all-time high from 2014. While the current month's close is pending confirmation, its performance post-breakout and within a strong sector makes it an interesting stock to watch.

Prediction Details

Ticker
ONGC

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