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ONGC

ONGC Near falling wedge pattern 1: 8 Risk reward long setupOil and Gas sector retested the flag pattern breakout. ONGC also had retested breakout given earlier and last daily candle showing rise in volume with positive closing. ONGS also formed falling wedge pattern and we are near breakout of the pattern. I see 1: 8 potential up side trade. *SWING TRADE* Buy ONGC 285 Stop Loss: 279 Target 1 (1:2) 299 Target 2 (1:4) 313 Target 2 (1:6) 325 Target 2 (1:8) 340 _Duration 2-3 months_ Trade as per your risk-taking capacity.
NSE:ONGC
by pramodchoudhari
7
ONGC wave analysisONGC in corrective wave ABC.. of which wave C(5) in progress.. ONGC has cluster of fibonacci ratio support near 281. and below that next support is 270 Till now low made 282.50 Upside immediate resistance is 302-305 Currently trading sideways.. Buying opportunity : conservative view : Breaking of 0-2 trendline Aggressive view : when ONGC makes low near support and MACD gives +ve Diversion. Being its last C(5) wave so shorters should stay cautious now. Disclaimer : I am not SEBI registered. Its just the elliott wave analysis posted on chart.
NSE:ONGC
by MDstockmagic
1
ONGC | Chart Analysis | Demand & Supply ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡FNO Stocks Trading📉📈📊 ✅Check out my TradingView profile to see how we analyze charts and execute trades. ✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:ONGC
by ReviveTraders
1
Levels in ONGC "Welcome to SkyTradingZone " Hello Everyone 👋 Levels in ONGC: Level 1: Assistant Technician (AT) - ₹21,260 - ₹54,270 per month Level 2: Technician (T) - ₹24,900 - ₹63,660 per month Level 3: Junior Assistant (JA) - ₹28,440 - ₹72,900 per month Level 4: Junior Engineer (JE) - ₹31,090 - ₹83,120 per month Level 5: Assistant Engineer (AE) - ₹33,540 - ¥93,760 per month Level 6: Senior Engineer (SE) - ₹37,690 - ¥104,420 per month Level 7: Senior Manager (SM) - ₹44,990 - ¥121,020 per month Level 8: General Manager (GM) - ₹51,910 - ¥137,630 per month 8th Hour Wages: The hourly wage for an ONGC employee at Level 8 is approximately ₹1,232 per hour.
NSE:ONGCLong
by SkyTradingZone
Long on ONGC for Long termThe stock reached ATH of 314.55 on 9th June 2014. It then fell by almost 84% to reach 50 on 13th Mar 2020. It took support at the lower trend line to reach high of 194.95 on 8th Mar 2022. It faced a correction of almost 38% reaching a 52W low of 119.85. on 6th July 2022. Recently, it took support from lower end of the channel rising nearly 33.62% in 9 months. Recently it gave a breakout from upper resistance trend line with a large bullish candle rising 4.35% on 10th Apr 2023. The stock is trading above all short term as well as long term moving averages.RSI is above 60, which indicates bullishness. Maintain a Stop Loss of 150.55 on daily closing basis. Potential: 28% to 60%
NSE:ONGCLong
by finvestar
Bullish break out in the stocks for this week 08/07/2024.. ONGC is a government sector company is trading around the resistance zone. If there is a break out of the consolidation zone good returns can be captured in the stock. The stock has taken a good support from 20 ema which also gives a confidence to hold the stock for a swing trading. Even on the daily charts, the stock has test the 200 ema and chance of it clearing the resistance level is high. A round number figure of 300 can be seen as the next resistance as the stock will be trading in an uncharted zone after the break out. Kotak bank has been trading in a range and the upper resistance zone is around 2050 levels. The stock is currently trading around 1850 levels and has taken support from both the moving averages on the weekly charts. If the stock sustain the break out there are chance of it hitting the resistance level soon. The target for trading are there on the chart. Long term stock positions can also be created in the stock as it seems to show some bullishness. Wait for the price action near the levels before entering the market.
NSE:ONGC
by Mambotrade
DIVISLAB and ONGC showing high rise in Future OIDIVISLAB The price has been consolidating in a narrow range for more than a year. Recently, the price successfully surpassed its resistance level. Since the breakout, the price has maintained above the breakout point and is steadily increasing. The current RSI is above 60, suggesting strong buying pressure. ONGC Before, the price was rising steadily, pushing the highs and lows higher. Since March’24, the price has entered a consolidation phase, and an ascending triangle pattern has been established. A breakout with significant volume has occurred recently. The RSI is currently above 60, indicating strong buying pressure.
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NSE:DIVISLABEducation
by GoodluckCapital
2
Breakout Alert: ONGC Channel Breakout Above 300,Details: Asset: Oil and Natural Gas Corporation (ONGC) Breakout Level: Above 300 Confirmation: Channel breakout with increasing volume Targets: 320 and 340 Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: ONGC has broken out above the upper boundary of its trading channel at the 300 level. This breakout is supported by increasing volume, indicating potential bullish momentum. The targets for this move are set at 320 and 340, considering the continuation of the upward trend. Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement. Remember to conduct thorough analysis and implement appropriate risk management strategies before initiating any trades.
NSE:ONGCLong
by CyborgTradingHub
ONGC - Ichimoku Breakout📈 Stock Name - Oil & Natural Gas Corporation Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 280. 🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku
NSE:ONGCLong
by nikunjbhadja
1
Oil & Natural Gas Corporation Limited - Multiple Breakouts #ONGC CMP : ₹-223.4 Date : 12-01-2024 ONGC - Technically looking good. Chart is self explanatory. Multiple breakouts identified in the charts. Almost 5 year old resistance trend line breakout and retesting identified along with a cup and handle and upward parallel channel breakout. Now the stock is at its 52 week high with significant volumes. Upward trend is expected to be continued. Stoploss @ ₹-210 . Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
NSE:ONGC
by DevanNaayar