ONGC: Chart set up and important levels to plan your trade



- stock is currently in short term downtrend

- stock trading below it's 20 day and 50 day EMA currently around 141 and 144 respectively

- 200 day EMA currently around 129

128 acted as resistance previously and could possibly act as Support now

- Blue Trendline support also comes around 130 odd levels

- So we see multiple support levels around 128 - 130 odd levels

Momentum might come on sustaining above 144-148 zone.

Medium term target 158 and on a slightly longer term horizon the stock may attempt 185 / 220 odd levels

There you go. Important levels has been given. Trust this would help you in planning your trade.

Take care & safe trading...!!!

- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.