ONGC - Trade with caution

May 2, 2018

Trade with caution.

May 4, 2018

Note

Still within the triangle, wait for closing outside triangle for two sessions, Then we can see movement. Good Luck.

Note:- My Analysis is not recommendation, It is just some info, which you can use and make your own judgement.

May 7, 2018

Note

is it silently completed CUP and Handle ???

May 10, 2018

Note

Excellent upmove today..

Be cautious at 192 - 193. Closing above 193 is good sign for more upmove.

May 10, 2018

Trade active

180CE @ 8.10 2 Lots

May 14, 2018

Note

Closing above 185 3 days in a row is good sign.

Brent Oil touched 78$ ...

Tomorrow will be volatile due to election result, If it closes above 185 tomorrow then we could see 193 by expiry..

May 15, 2018

Note

ONGC cash touched 192. and 180CE touched 13.25

If it closes above 192 and tomorrow starts in positive trend in first 1 hour, we have good up move. Otherwise take a judgement

May 16, 2018

Note

Recovered from 175 (day's low) to 186 (day's close) .... Still having hopes for uptrend.

May 17, 2018

Note

Brent Oil touched 80$ ... fingers crossed

May 18, 2018

Note

192 seems strong resistance. need more energy to break 192-195 resistance and move more up hill

May 22, 2018

Note

Missed good opportunities of 180CE @ 13.4 and 12.25 ...

Do i get such opportunity again ?

May 28, 2018

Note

probably will consolidate below 180 upto May expiry.

Will exit tomorrow ..

Jun 5, 2018

Trade closed manually

Loss 60000/-