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%...
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.
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...
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...
