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ONGC

ONGC: Cup & Handle pattern observedONGC Sustaining above 119 opens up door for the stock for targets of 128 / 136 Trading strategy If you are a short term trader Consider buying after break out confirmation If you are medium term investor types and can have patience consider buying on dips. You can refer my earlier views on ONGC that are listed below Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ONGCLong
by indiamarketoutlook
#ONGC #TIDEWATER #OIL #IOC #HINDPETRO #BPCL #DIESEL #PETROL #IT#ONGC NSE: ONGC CMP 117.60 Target 130+ Time frame < 2 months Factors: Petroleum sector booming Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Fundamental are strong. Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming The stock has potential to go beyond 130 in longer time. PEER COMPARISONS: NSE: ONGC NSE: TIDEWATER NSE: IOC NSE: OIL NSE: HINDPETRO NSE: BPCL NSE: PETRONET NSE: SUPPETRO NSE: CHENNPETRO NSE: RELIANCE If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:ONGCLong
by Rachit_Sethia
ONGC - Good Pattern - Market structure - Target 150 ? 🔰 MY thought process : ⭐Ongc making higher lows and getting good buying zones inside the pattern itself too ⭐The stock is getting rejected from the same levels too = Aggressive Sellers ⭐The stock is getting good support too at marked areas = Aggressive buyers ⭐a small day trendline is created by me on the charts = its break can be our good entry ⭐Risk is the most imp part = candles low can be taken as a good sl small risk ⭐Pattern: Triangle ⭐ Targets: 150 as of historic data and 135 as of fibo ext :) 🔰Am I taking this trade now: I might :) Trades I am in Naukri, Coal India, Nazara. 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:ONGCLong
by Averoy_Apoorv_Analysis
ONGC Inverted Head and Shoulder As you can see it has created a beautiful Inverted Head and Shoulder Pattern n. The Rules are from the center of the head to center of the shoulder there should be at least 7 to 8 candles. After creating the first shoulder, Price Touches the neckline let's take that point as A and the bottom of the head as Point B. When finally after creating an inverted head and shoulder pattern the price crosses the neckline and closes above it and creates a new candle there that's the point to buy and draw a line from point a to point b and place it above the neckline and there you get your Target Price. Next to Inverted Head and Shoulder Pattern, it has created Double Top. See if you can find or let me know below.
NSE:ONGC
by rajeevpatil