ONGC
ONGC Taking Support... headed northTaken a nice support at the 50 EMA and the earlier resistance zone of 81-81.5. High probability long trade!
ONGC Rising Wedge Pattern | Bears Are Back- ONGC Formed Rising Wedge Pattern.
- Target 0.618 FIB Level for downside.
#ONGC #TRADE #INVEST #NSE #NIFTY #BANKNIFTY #PETROL #OIL #IOCTargets assigned
LONG TERM HOLDING SUGGESTED
SL 85
ONGC Bullish viewONGC might reach 110 mark shortly.
Please done use this analysis for trading, this is only education purpose.
BUY ONGC - NSE. BREAKOUT OF TRIANGLE NSE:ONGC
ONGC has broken out of ASCENDING TRIANGLE PATTERN.
TARGETS-88/93/102
STOPLOSS-75 for investors WHO CAN LOOK FOR 100+ TARGET
WAIT FOR THE PULL BACK TO ENTER FOR A GOOD RISK REWARD RATIO
PROS -
1.GOOD VOLUME SUPPORT(NOT HUGE)
2.THERE IS AN UNFILLED GAP UPTO 88
3.PRICE BROKEN THE 50 DEMA
CONS -
1.NIFTY at a key resistance level 10000. (market may reverse)
overall TRADE RATING-A(7/10)
ONGC Support and ResistanceBuy ONGC above 86 for a target of 94. ONGC showing bullish move and will face resistance at 94-95.
Disclaimer: These are my views please invest at your own risk.
ONGC - Breakout - Ascending TriangleONGC has given a clean breakout from the ascending triangle pattern. Generally after the breakout , the price tends to retest the breakout level which is around 79-80. Therefore wait for the stock to retest the breakout point and make an entry only around those levels. Trading using this approach would give you a favourable Risk-Reward setup.
Target 1: 88
Target 2: 90
Target 3: 94
Stop Loss : 76
ONGC Forming descending triangle ONGC Forming descending triangle once the TL broke in either side, we can enter.
Buy ONGC above 78In a weak market ONGC didn't fell that much and still showing strength, If markets tomorrow flat to positive, We could see nice jump in this stock. Hence, Buy above 78
SL-76
T- 82
RR- 1:2
Hanging Man Candle Stock Pattern Developed in ONGC Daily ChartBuy Only when it breaks and closes above 71.10 on 5 min time frame SL 69.80 Targets 72.40/73.80/75.20
Sell Only when it breaks and closes below 69.80 on 5 min time frame sl 71.10 Targets 68.50/67.20/65.80
This call is only for educational purpose. Consult your financial adviser before taking any positions.
ONGC: Looks bullish at current levelsONGC
Cmp 117.95
At current levels the stock looks good from Buying perspective.
Target for the current setup 133 / 138
Stop loss if closing below 114
Take care & safe investing...!!!
BUY ONGC @ 125 FOR TARGET OF 138 (8% GAIN)AS per my wave view
comments appreciated
Disclaimer - i am not responsible for your loss
