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ONGC

ONGC: Chart set up and trading strategy 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 strategy which gives me complete protection below 152. Focus on your Risk Management and plan your trade accordingly. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ONGC
by indiamarketoutlook
ONGC: Channel trade potentialONGC - 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 watch out for Risk Profile The set up provides a risk::reward ratio of 1::3 Trust the idea helps in planning your trade. Take care & safe trading..!!! To trade with me, hit the Like button and Follow Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ONGCLong
by indiamarketoutlook
ONGC analysisIn 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: 157 Target-2: 167 the Bearish trade would be: Sell: 139 (if clear breakout) Target-1: 132 Target-2: 125 Correct me if I'm wrong on my analysis technique cause I'm still a beginner with technical analysis and open to corrections, new ideas, suggestions, etc..
NSE:ONGC
by hajariparth28
1
Muhurat Trading picks - 2022What'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 % +13.95 % 5. BDL C.M.P - 954.85 TARGET - 1078 Potential Upside % +12.90 % 6. PARAS C.M.P - 643.45 TARGET - 740 Potential Upside % +15.01 % 7. ONGC C.M.P - 131.45 TARGET - 148 Potential Upside % +12.59 % 8. POWERGRID C.M.P - 216.6 TARGET - 248 Potential Upside % +14.50 % 9. RECLTD C.M.P - 93.55 TARGET - 105 Potential Upside % +12.24 % 10. BAJAJFINSV C.M.P - 1681.95 TARGET - 1932 Potential Upside % +14.87 % 11. ITC C.M.P - 344.85 TARGET - 389 Potential Upside % +12.80 % 12. VBL C.M.P - 1011.25 TARGET - 1145 Potential Upside % +13.23 % 13. LEMONTREE C.M.P - 84 TARGET - 96 Potential Upside % +14.29 % 14. INDHOTEL C.M.P - 313.55 TARGET - 360 Potential Upside % +14.81 % 15. KPITTECH C.M.P - 711.8 TARGET - 801 Potential Upside % +12.53 % 16. HCLTECH C.M.P - 1025 TARGET - 1175 Potential Upside % +14.63 % 17. VEDL C.M.P - 279.95 TARGET - 323 Potential Upside % +15.38 % 18. HINDALCO C.M.P - 392.1 TARGET - 433 Potential Upside % +10.43 % 19. LAURUSLABS C.M.P - 477 TARGET - 540 Potential Upside % +13.21 % 20. SUNPHARMA C.M.P - 978.95 TARGET - 1144 Potential Upside % +16.86 % 21. IOC C.M.P - 67.5 TARGET - 77 Potential Upside % +14.07 % ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy Diwali 🪔🎉✨ Happy learning with trading. Cheers!🥂
NSE:TATAMOTORSLong
by radha_23
2
CNXEnergy Nifty EnergyCNXEnergy will be an absolute avoid from a long perspective. One can see that the RSI is losing a lot of strength and the index is unable to make higher highs. We have witnessed this kind of pattern during 2018,2019 and we all know what happened in 2020. It can dupe by a small movement but one need to observe if the index is unable to make a higher high then it will become problematic for the index. The index contains Reliance Industries Ltd. 33.82 Adani Transmission Ltd. 12.35 NTPC Ltd. 10.88 Power Grid Corporation of India Ltd. 10.31 Adani Green Energy Ltd. 10.13 Oil & Natural Gas Corporation Ltd. 6.91 Tata Power Co. Ltd. 5.06 Bharat Petroleum Corporation Ltd. 3.83 Indian Oil Corporation Ltd. 3.44 GAIL (India) Ltd. 3.25 I would absolutely avoid the above stocks as I am not seeing any great gains from long point of view. Disclaimer - Please DYOR, Don't take any market positions based on my analysis.
NSE:CNXENERGYShort
by Cryptified_Soul
1
ONGC: Chart set up looking good to buyONGC - After making a low of 119.85 on July 6, 2022 the stock has managed to defend the low thereafter - since Sept 28, 2022, the stock has made a higher bottom higher top formation - managing a close above the yellow line could open the doors for further upside potential of 154 / 158 / 166 Buy at CMP and on dips towards 136.50 SL Keep a SL at blue line ( around 130 ) initially on closing basis and later trail SL to green line F&O trading strategy Sell 135 Put Option Buy 130 Put option Profit potential of approximately 10% on Capital Take care & safe trading....!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ONGCLong
by indiamarketoutlook
3
ONGC LOOKING GOOD FOR SWING TRADING.ONGC stock has given a breakout on 1 day time frame. downtrend breakout and looking good as per the technical point of view. if you are safe trader wait for breakout of 141 resistance levels. from current levels my view is bullish on this stock for swing and short term. Upcoming targets on technical are 141 and and 153. for safety purpose follow the stop loss of 133. This not a buy or sell calls this is strictly for educational purpose. Do your own analysis before taking entry.
NSE:ONGCLong
by Prashant_patil07