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Exponential Moving Average (EMA)

ONGC Can fly after taking support in descending channel patternONGC is continuously making a descending channel pattern from 173. After breaking the 20 and 50 days EMA now it is about to touch 100 days EMA and this could work as a strong support for ONGC as there are both supports available at 138 . 1st is Descending channel pattern's trend line and 100 Days EMA also running around 138. You can take entry in it according to provided details on charts. you can hold this scrip for medium term target of 172 if it cross the level of 153 with good volume and retest.
NSE:ONGCLong
by akshaybatra020
Coal INDIA | Round Bottom | Parallel Channel | Wedge pattern 🎯⭕ positional Trading opportunity ! Daily Chart Alert !!! ⭕ --Buy above =139 or CMP --Target = 183.10 --Stop-loss =126.60 --Lot Size = 6100 --R:R = 3.52 --Expected Profit = 11,16,000 ₹ per lot (31.63 % ) --Expected Holding = 3-6 months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) 200ema breakout & retracement . 2) rounded bottom pattern at all time low . 3) parallel channel breakout 4) wedge pattern as well . 5) Fundamental looks good & technical indications are in buy mode. Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:COALINDIALong
by ReviveTraders
10
SHORT TERM IDEA - ASHOKLEYLAND (RESISTANCE ACTING AS SUPPORT)Price Broke out of the resistance/supply zone and gave a pullback, the price has taken support at the confluence of the previous resistance zone (which is now acting as support/demand zone) and 20 day EMA, above 93.20 can go upto 98-100 and above that can go upto 110, SL below 86 on daily closing basis, Also keep an eye on the sales numbers to be declared for november. Disclaimer : For learning purpose only.
NSE:ASHOKLEYLong
by vaibhavmehta611
4