Can look for shorting Opportunities considering previous fall and rejecting the trendline several times, Wait for 30 mins for 1Hr candle close. Please do follow and support me for more such trades and checkout my other analysis as well.
1. trendline breakdown in ongc as well as channel breakdown. 2. with strict sl one can go short.
On the monthly Time Frame, while considering volume, it looks like ONGC could crack further in the coming months
Engaged in the exploration and extraction of crude petroleum and natural gas.Largest in this sector. Moving through an upward channel for the last 8 months. Every dip is a buying oppurtunity . Can reach 180 within 3 months time.
Reliance industries is looking good for a short from current price for a short term duration(need good breakdown retest on daily time frame else invalid) , towards targets of 2350-2340 levels which is a major support zones , and a positional long can be considered from same levels with small SL of 3-4% and potential bigger reward on the upside
ONGC Observations - we are looking at daily candlestick chart pattern - In Jan 2023 stock faced resistance around 151-152 odd levels - mid Feb we see a breakout - currently the stock is holding on above 151 odd levels set up opens up doors for upside up to 166-168 odd levels SL If stock is closing below 150 on daily charts I have gone with a trading...
Good volume seen in this stock, ready for BO, watch chart for support and resistance levels and buying zone.
ONGC gives a breakout after so many days somehow managed to break a strong falling resistance trendline and gives a strong close above on it so we can say it is a strong breakout on daily chart it is followed by good on volume indicator and giving positive score on MACD indicator too. Cause of long-: 1- Falling resistance trendline breakout. 2- Good...
The stock ONGC has been trading with a higher high and higher low price formation. Today, the stock broke out from a this horizontal line on above average volume. Upward Momentem possible Comment All your Views
ONGC is forming a rising channel pattern and is near a fib. Crucial level and a resistance zone of 154.40. Note :- Not a financial advise
ONGC - This is a follow up on my previous idea when stock was trading at 140 odd levels Chart set up - The stock seems to have given a fresh breakout on hourly charts from yellow channel channel - 21 hour EMA and 63 hour EMA around 148 / 146 respectively Target potential for the stock 156-158.50 Use the 21 hour or 63 hour EMA as important Support level to...
In this chart I've shown The white lines as support and resistance. once there is a breakout on either side The red and green lines are the targets on each side. But the MACD has both EMA lines going upwards so The trend is probably going to be in bullish side. Analysis Dated on 30/12/2022 So, the BULLISH trade would be: Buy: 151 (if clear breakout) Target-1:...
It braks the structure of LL AND HL. IT SHOULD GO TOWARDS THE ARROW🏹 DIRECTION IN COMING DAYS.
NSE:ONGC ONGC has lived up to our expectation and is nearly at the high of our estimates . This is likely to continue higher due to breakouts in many sectors including a possible breakout in oil and natural gas.
Oil Price is expected to average at around $92 within a few weeks. Then depending on the global cues at that time we can have a much clear idea about whether it is going to rally further or crash. This is going to affect the profitability of the oil stocks in India and will affect their share price adversely. www.thebalancemoney.com
#RECLTD ... ✅ INTRADAY/ Short term delivery call as well All levels given in charts ... IF good potential seen then we work in options also if activate then possible a huge movement Keep eye on this ... We take trade only when it activates... Possible to give good target
What's your Diwali picks ?🤔 comment down below. 1. TATAMOTORS C.M.P - 398.2 TARGET - 447 Potential Upside % +12.26 % 2. M_M C.M.P - 1257 TARGET - 1425 Potential Upside % +13.37 % 3. FEDERALBNK C.M.P - 132.85 TARGET - 150 Potential Upside % +12.91 % 4. SBIN C.M.P - 561.65 TARGET - 640 Potential Upside % ...