The brokerage values ONGC NSE -0.45 % at 4x FY23E EV/EBITDA to arrive at Rs130 TP, assuming USD2.3/2.7 APM prices for FY22/23. Under a blue sky scenario - USD60/bbl Brent, USD3.5/mmbtu gas price and KG-DWN-98/2 ramp up, FV comes above Rs170/sh.
FACT shows cup and handle pattern in weekly chart. Can buy at cmp with a stop loss of 52.35 or can buy in dips. The technical target is 88 (As this is weekly chart need to wait for at least 6 moths to 1 year for the targets to get achieved). Can go long with a trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose...
Post cup and handle breakout stock has completed pullback and above 163 can continue its journey upwards to the levels marked and further for handle target of 28 points.
VIEWS FOR LEARNING PURPOSE ONLY
8 weeks cup n handle - 2nd stage base.
depth is little more - 32%
Strong prior uptrend - 375% from lows.
Pocket pivot formed today.
Its coupled with good fundamentals and promoters buying.
Its even at ATH levels......
Maharashtra Seamless Ltd stock shows cup and handle pattern in daily chart. First target is 320 which is the depth of the cup that has formed in cup and handle pattern. I would not suggest to buy at such higher levels today. Wait for the retesting level or can buy in dips. When it crosses 320 later, the previous support will be the resistance which will be...
Kolte Patil Developers shows up trend. The daily chart shows breakout in cup and handle pattern formation. Ascending triangle pattern is also clearly visible which denotes further up move. Target 1 is 226 according to the depth of the cup of cup and handle pattern. Target 2 us 273 which is the target based on ascending triangle. Can go long with a stop loss of 178...
Eveready Industries shows cup and handle pattern clearly in daily chart. Can go long for up move from here with a stop loss of 150. High volume can also be seen. According to technical analysis, long term targets can be seen around 275. Happy investing :)
First source solution (FSL) looking for breakout from parallel channel. Third Elliot Wave has been started which can be confirmed by volume blast.
Formed cup and handle pattern which is near breakout point.
All dips towards 42.3 - 40 are long opportunity Stop Loss 34.9 on daily closing basis. Check chart for more details.
Third wave target 58
Fourth Wave target...