If Ascending Channel breakout happens with appropriate volume, a long position can be made. Entry - 176.70 Target - 187 SL - 171.70
ONGC has given breakout from falling trendline with huge volume. Also it is trading above 10 & 20 WEMA which is in positive mode (crossover). It is also trading above 50 WEMA. On upside 184-185 is major resistance zone which is close to falling long term resistance line. RSI is showing that still some upward heat is left in counter. One can buy ONGC in between...
ONGC has given a broadening wedge breakout on weekly chart Buy above 171 T1: 200 T2: 220 T3: 240 SL: 155
ONGC breaks the resistance channel and RSI is going in the overbought area. Also 20 days EMA is support.
One may sell ONGC on rise with SL off 163.5 and targets of 158.5 and 156.5. Adjust the volume as per entry price.
One may sell ONGC on rise as it might have halted for a day or two. Keeping 157.3 as SL , sell it for target of 151.
Refer chart Pattern: invert H&S wait for above 151 closing
ONGC_Swing Trading_Go Long_Target 5 to 10 points from CMP 143 to 150 in coming week.
ONGC is a consecutive downtrend on NSE lost around 2.6% with 2x its average volumes traded on NSE. SELL @ 144.4 STOP @ 152.5 TARG @ 125.3
CMP 157.25 Buy above 160.1 SL 151.9 Target1 172.45 Target2 184.8 6 to 8 days :) Follow strict stop loss :)
ONGC was sold on NSE with 5x more volumes than average. SELL ONGC at 151.5 with Stop-loss of 157 and Target of 139
ONGC Wait for BO with volume 181.50 price. Resistance: 192, 194.35, 212 Support: 172.9, 166.9