ONGC Long on any dip

156 9 3
I am looking to Buy on CMP or Pull back till 157 with stop of 154 for Target of 168
Order cancelled: Not sure on further trend , time to step a side
The crude oil prices are moving in a casino fashion, and that is probably why ONGC is not reacting to how it should be.
shiv2798 mackanshunegi
@mackanshunegi, Yes that is the reason i cancelled my buy order and let me wait and see weather investors will take interest in this stock , No problem even if i lose few points but i need investor to hold the stock well enough that i can ride on it
+1 Reply
What would be the SL if initiate the trade now ?
shiv2798 hotpot64
@hotpot64, Can you please wait till the price makes near to 157.50 or 158 because SL would be 154
hotpot64 shiv2798
@shiv2798, ok
shiv2798 shiv2798
@shiv2798, you are seeing what happening now ? , why price failed to hold ?
Can you find the answers ?
shiv2798 hotpot64
@hotpot64, You please place the buy at 159 form tomorrow on wards , do not care if the order is not filled , but place your order and wait for it , But the stop would be 154 i.e when price close below 154 in day candle , not pock and snap back , if price Goes down in inter session its not sell until close below that price
its all depends on your risk to reward , as per behavior of the price action the price should retrace to said level if do not happen do not care or worry
hotpot64 shiv2798
@shiv2798, Thanks for the update, will do as advised.
shiv2798 hotpot64
@hotpot64, Do not go for buy i am not confident due to International Crud oil status or co relation to ONGC stock value
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