📈 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...
The 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....
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...
If you see the relative strength of ONGC, it was positive on monthly charts back in 2015. After many ups and downs, it's back in November 2023! This might be an upside trend indication. One more indication comes from a reverse head and shoulder pattern that can be seen on the chart, adding to the upside indication.
Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Head & Shoulder
📌 Symbol/Asset: ONGC
🔍 Description: Stock has given a breakout of the Head & Shoulder pattern.
We can see further upside of 200-300% on months to come !!
Huge upside with momentum possible.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
ONGC BULLISH MOVE
Ongc running in a progressive channel since Sep 22.
When price touched lower level of the channel it gave bounce of 13-25%.
Will ONGC repeat it again ??
Buy ONGC At Cmp 156.9
SL - 146 ( Weekly Closing Basis )
Target - 180/190
I first mentioned about PSEINDEX coming out of multiyear consolidation and give a major breakout during one of the video which I posted in August 2022. Link is there in related idea section and listen from 12:30 mins.
The index is on the verge of multiyear breakout and possibility of giving a highest monthly closing ever is more than ever before.
eye on this script for going long only after range breakout given in chart
trade will be based then on range + trendline breakout
keep on radar
ones entering at cmp can add more on breaking rance
stop would be 186.5
disclaimer - trade @ own risk
ONGC is available at a value zone which is a supply turned demand zone for value investors. It can be a good bet but a risky one as it's a high beta so avoiding going in with all money should be preferred and accumulating it in a slowly and steadily manner. The recent price action is however still not so bullish so a confirmation candle will give you a headscarf...
📈 Exciting Bullish Pattern Alert!
📊 Pattern: Flag and pole breakout
📌 Symbol/Asset: ONGC
Moment Stock with breakout
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Can look for shorting Opportunities considering previous fall and rejecting the trendline several times, Wait for 30 mins for 1Hr candle close.
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