ONGC looks so good now with volume. It will come back to retest then will go upside. Wait for confirmation candle then enter with SL. Trading without SL is a bad practice. Always try to stay in the game. Never lose your control. Capital safety should be your main priority. Hope never makes you win.
This setup is invalid If it crosses down below the Scale.
ONGC...
Chart is self explanatory
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...
ONGC Analysis
Monthly,Weekly, Daily RSI Above 60
Weekly at near breakout, daily already given triangle Breakout
Buy Above 195 , TG 200 , 202 , 205
SL 185 , 180 BE FAST And quick in Current Situation
ONGC (Daily):
1. Stock has given Breakout from Ascending Triangle
2. RSI= 67 (bullish sign)
3. Good volumes on Breakout
4. Stock has reversed from 20 Days Exponential Moving Average
5. Stock has broken 52 Week High
View Point:
1. Some Quantities of the stock can be added on some retracement for Long Term and some quantity can be added at current levels.
Addl...
NSE:ONGC
#NSE:ONGC trading bullish and potential levels marked for easy understanding.
You can ping/check down to this chart (signature place) for complete details of the stock/level shared.
Its not post result, its live trade shared for LEarning.
ONGC Intraday pick as on 24/02/2022 .
1>> 15 MIN CHART stock seen trading cmp 160.75 at strong support double bottom area of 160 LEVEL
2> Stock seen trendline breakout at this level.
3> RSI at oversold area 15 min chart moving upword above 30
4> RSI also seen double bottom at this level
5> volume seen Increase in stock last few session.
BUY ONGC @...
Buy ONGC for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡About Company:
Oil and Natural Gas Corporation Limited specializes in the exploration and production of crude oil and gas. The Company has joint ventures in oil fields in Vietnam, Norway, Egypt, Tunisia, Iran and Australia.
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💡Future Outlook:
ONGC’s topline performance is expected...
ONGC
- This is a follow up on ONGC (idea posted on 30 Dec 2021)
- the stock has seen momentum once we saw breakout from the down trend channel around 148
- despite the broader market volatility and weakness, ONGC has been one of the strong candidates who has stood tall
- it is now positioned at another important level... near the top made in Oct 2021
-...
Ongc have given one break out earlier as expected and this time it may break the new resistance line and go towards all time high.
You can check my old idea of ongc how it broke above 144
