ONGC -- INTRADAY SETUP -- 24/02/2022
Updated
ONGC Intraday pick as on 24/02/2022 .
1>> 15 MIN CHART stock seen trading cmp 160.75 at strong support double bottom area of 160 LEVEL
2> Stock seen trendline breakout at this level.
3> RSI at oversold area 15 min chart moving upword above 30
4> RSI also seen double bottom at this level
5> volume seen Increase in stock last few session.
BUY ONGC @ 160.75
TARGET 165-166 Intraday
stop loss 157
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** please do own anlysis ** trade at own risk. !
HAPPY TRADING. !!
1>> 15 MIN CHART stock seen trading cmp 160.75 at strong support double bottom area of 160 LEVEL
2> Stock seen trendline breakout at this level.
3> RSI at oversold area 15 min chart moving upword above 30
4> RSI also seen double bottom at this level
5> volume seen Increase in stock last few session.
BUY ONGC @ 160.75
TARGET 165-166 Intraday
stop loss 157
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** please do own anlysis ** trade at own risk. !
HAPPY TRADING. !!
Note
on hourly chart strong support seen at 160 and Resistance at 166-172 above 166 closing One can go long for 172 for positional trade.
Note
intraday trade initiated ! looking at strength compare to nifty ...Note
RSI moving around 60 now AT 15 MIN chart. RSI ABOVE 60 can get target on intraday 165-166 LETS SEE. !Note
From buy level 160.75 high was 162.50 around 1% gain. till now after that corrected ! should break 1 162.50 to go above. !
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