ONGC has crossed the 18 months trendline and it is trading above 200 EMA which acted as resistance and support multiple times during its course. It may retest the 200 EMA before it can make a bullish move towards 100 and 120 price levels. Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before...
ONGC is testing a resistance that it has tested quite a few times before. Will it break it? Signs show that it most likely will because it is trading with above average volumes. Go long if the resistance is decisively broken. Please like and follow. NSE:ONGC
ONGC has given strong breakout from channel Pattern. Volumes of 3X can be seen on the breakout candle. Do not jump in to trade at CMP. Wait for retest of trend line. As the market is looking weak, re test of trend line is possible. Enter between 77.8-78.5 range. Target will be 85 and SL will be 75.25
ONGC go for short position. Keltner bands acts as resistance and a nice pin bar forms at S/R zone. The fibonacci retracement occurs at 61% and it shows another confirmation that price will go below. Meet you at Target zone.
Short ONGC at PoC (Volume Profile) - 69.3 SL - Exit if day's close above 72
ONGC CMP 67.5 Observation - the current low of 64 odd levels is higher than the previous lows - zone of 68-71 is crucial for ONGC given the set up, one may consider to buy for target of 78 / 82 / 93 / 102 / 114 exit if stock gives a weekly close below 60 Disclaimer: - The view expressed here is my personal view - Use this for educational purpose - Any...
Intraday Short: Looks extremely weak, we can enter once price breaks down from the box. Or if it pulls back to 65.80 we can enter at that level. Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
Hello All, ONGC gave a breakout yesterday from my levels and is again forming inverted flag and pole pattern. My stance on ONGC is neutral. Upward movement : Can be traded at breakout at around 67.70 and target of 69 and 70.(According to Pivots) Downward movement : Can we traded at breakout around 67 and target of 67.25 and then 64. (According to Pivots)
A trait of a demand/supply zone is when the candle, which is breaking out of the zone, has a range that is significantly greater than any previous candle's range. Also, a range is usually formed inside a demand/supply zone, after which the price breaks out/down and continues to move with momentum in one direction. These can be great confirmations to find and make...
Hi Traders, ONGC can be entered between 67.45 and 68.50. The stop loss is bare minimum, and the profit range is pretty high. We can see the targets being achieved in a month or two. It is a positional trade. The long term strategy traders can go further beyond the targets. Buy on dips at following entry prices: Entry: 68.50, 68, 67.50 SL: 66 Target:...
a. Zone: Strong Bull b. Resistance 1: 70.05 c. Resistance 2: 74.8 d. Support 1: 66.30 e. Support 2: 65.96
I will go LONG on ONGC because: 1) The price is forming a Chanel or Rectangle Pattern . 3) The price is also under Support/Resistance zone. 4) It has touched the support and may reach the resistance zone . 5) Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 74 First Target - 84 Second target - 92 Stop loss - 70
a. Zone: Strong Bear b. Resistance 1: 83.20 c. Resistance 2: 91 d. Support 1: 72.80 e. Support 2: 62.40 NSE:ONGC ONGC is taking rest at its crucial support of 72.80. If it break down this level then next stop will be at 62.4 which is approximately a fall of 15%.