LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
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ONGC: 2 break-out have observed in the up-trend. The major one is a flag pattern that confirms the rally to the next stop of @140 nearly can achieve the target of 13% .
Points to be Note (Technical + Fundamental)
1. Stock is in an uptrend with Fibonacci levels ranging b/w 0.5 to 0.3 fast trend.
2. Relative strength is strong for the month.
3. There have been...
a fall is getting ready may give a little raise or it can fall directly from here.
disclaimer : m not a semi advisor . plan ur trade accordingly to ur strategy. this video is for sharing knowledge and educational purpose only..
It is a really crucial time for ONGC. There are two Wolfe Waves that has been formed and both are on the verge of getting triggered. The level that is needed to be watched is 128. As the stock crosses and sustains the level of 128. Gradually 180 and 212 can be seen in long term time frame.
ONGC seems to have a reversal bull candle from the bottom of the triangle pattern, so give an entry with appropriate Stop loss
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after...
ONGC has retested the support on trendline 2 while moving upwards and respecting trendline 1. This could be an optimal entry with a stoploss at 116. Targets would be 139-152.
Please do your research before taking trade. I am sharing this for educational and awareness purposes.
DAILY SWING CALL // Friday 25th of June 2021 NSE:ONGC
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 122
TARGET: 140+ (15% Around)
STOP LOSS: 110 (10%...