Daily Sentiment: Bullish.
Weekly Sentiment: Bearish.
Trend Strength: Moderate
First Target: 194 (Pivot point)
If ONGC starts to rise and it happens inside this channel chances to clear Resistance zone are
high. Close above Pivot point would confirm that bulls have taken control.
If there is close below channel next stop will be very important Support zone around 173.
If that happens there still will be chances to rise and clear Resistance zone but they will be low.
If ONGC closes below 173 we should see more than 10% towards next major support zone.