Below is the technical chart of ONGC Ltd, a bluechip company, listed on Indian stock exchange. I've used here Ichimoku Kinko Hyo indicator.

 

 



 

 

 

 

 

ONGC price is still trading below kumo. Chikou-Span (CS) line is also trading below kumo. Not even a single positive sign in this stock at this moment. On weekly time frame, the major resistance is at 270. Thereafter at 285 and 308. If you're a short term trader, buy above 270 and sell at 285. But if you're an investor, wait for its closing above 308. 

ONGC Techncial chart | 15-Dec-2011
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https://images.investmentkit.com/articles/wp-content/uploads/2011/12/ongc-logo.jpghttps://images.investmentkit.com/articles/wp-content/uploads/2011/12/ongc-logo-150x150.jpgAdminStock MarketAuto,Below,Draft,Hyo,indian stock exchange,indicator,Ltd,nbsp,nbsp nbsp nbsp nbsp nbsp,ONGC,Techncial,term trader,time frameBelow is the technical chart of ONGC Ltd, a bluechip company, listed on Indian stock exchange. I've used here Ichimoku Kinko Hyo indicator.               ONGC price is still trading below kumo. Chikou-Span (CS) line is also trading below kumo. Not even a single positive sign in this stock at this moment....Tutorials to Educate Investors
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