Hello Traders, The rationale for the trade: 1) Trend Line - Support & Resistance 2) pennant pattern pattern 3) 50 & 100 EMA Support 3) 200 EMA Cross over in Weekly Time timeframe
Buy ioc Pros: petrol price hike. COVID case decrease. Lockdown restrictions loosen. High dividend stock. Your money will be safe at Govt owned Company. Good to go.
ONGC Last time we gave a target of 128 / 136 The stock did an exact 128 and has now retraced to 120 odd levels. As observed in the chart, at current price, the stock provides another opportunity to enter. Target 136 Pattern gets invalidated if closes below 114 Take care & safe trading...!!!
ONGC: Looking Strong for Short term After forming a beautiful cup and handle pattern, breakout then retracement and now taking support at 400 days EMA. Good possibility of upmove. Buy - at CMP (120) Target - 130+ SL - 110 All levels are for educational purposes only. Do your own research before investing.
Stock running in a proper channel Currently at the lower end of the Channel Also at previous resistance turned support Good Buy region
NSE:ONGC forming flag above 129 can see T 132,136,140,145 SL 123 as per flag 114 as per C&H
In weekly charts, a trend-line can be drawn if you connect the highs of 22nd January 2018 and 20th May 2019. This trend-line was resisting, but in daily charts, it was forming an inverse head and shoulders pattern since 25th February 2021 and it broke the above mentioned longterm trend-line on June 3rd. But now it is retesting the same levels after this breakout....
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...
I JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :) 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰 {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...
ABOVE 120 LOOKS GREAT SL ACCORDING TO RISK TAKING CAPACITY { FINAL SL 109] TGT 150,215,300
WEEKLY CHART #TIRUMALCHM NSE: TIRUMALCHM Long Term Investment CMP 145.35 Target : 214.80 (~45%) SL : 111 Timeframe < 90 Days Can hold for longer time might reach 400s Factors: Rounding Bottom Pattern Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher...
Long term trendline as well as resistance breakout with good volume candle.
BUY AT THE GIVE PRICE ONCE THE TRENDLINE BREAKS AND TARGET IS THE SKY.
#PETRONET NSE: PETRONET CMP 247 Target : 271 SL 238 Time Frame < 2 months Can hold the stock for longer time after part booking. Factors: Trend Following Inverted Head & Shoulder Pattern. Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE...
ONGC On June 2nd 2021, When price was at 116.80, this is the chart that was posted Pattern observed was a Cup & Handle Chart pattern and the target given was 128 / 136 Come June 09, 2021, Charts help us garner a 10% gain without much pain... 😀 If you do your homework well, rewards will be there... Happy learning and happy trading...!!! Follow for more such ideas
💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰 {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...