there is a weekly breakout in ONGC. plus we can see a resistance breakout in daily and hourly chart. seems bullish for a target of 135
Cup and Handle pattern. CMP: 120 A good upmove expected afte breakout. Expectation: At least 15%
ONGC could break its previous swing high in shorter term . In longer time frame it is also trying to break the 2018 trend line on which is has been taking resistance . Worth tracking this for June 2020. Lot of resistance on it way forward but crossing 125/130 wud be a healthy sign for ONGC
Buy Around 116 with Stoploss below 110 . Target is 121 , 132 and 145.
ONGC 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...!!! ...
ONGC ready for breakout above 118 looking double bottom breakout also Flag pattern there.It may hit 121-122++ intraday SL 115
#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...
All the reasons for the trade have been mentioned in the image. Happy trading
Volumes are getting dry when price is retracing Traded Qty 2.7x Delivered Qty 2x Futures OI addition +5.8% Brent Crude beneficiary SL 100 Target 145
HERE I SEE ON ONGC CHART 1 DAY TIMEFRAME THERE IS A CUP HANDLE PATTERN AND IN THE CURRENT PRIZE ONGC HAD A STRONG RESISTANCE ZONE I WILL MARK IN ECLLIPSE. SO WHEN THIS LEVEL IS BREAK WE HAVE TO BUY THIS.
ONGC, moving in cup and handle pattern, also making descending triangle pattern, enter after trendline breakout.
ONGC, moving in symmetrical triangle pattern , enter after breakout, either above or below.
There is a penant developing in ONGC, breakout on either side will be a good entry.
🔰 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...
HI its a flag pattern and in weekly time its look like cup and handle wait till it touch to support and then buy it .