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ONGC

CRUDE OIL at important juncture - 87, watch for Oil companiesCrude oil is at an important juncture. 1. Around 87 which is an important resistance. 2. Should move down quickly to 46 levels. 3. If we have slower fall that will mean re attempt of 87 and possible long. Exit shorts. Possible trades should be taken in daily time frame- 1. SHORT - as swing high break fails in daily. 2. BUY - when it sustains above 87 for 115. Will share setups chart in daily time frame under my ideas section.
RUS:BR1!
by NaveenGr
ONGC, result based buyingCrude prices has been continuously rising, and the immediate benefactor is the natural gas. With tremendous pressure on energy global supply chains gas companies are struggling to fulfil the outgoing demand. ONGC, which has also seen a hike in gas prices have reported record profits for this quarter. I have been bullish on ONGC since 110/- levels. And the reasons are: 1. Shift towards green energy resources. (makes gas and immediate substitute for both domestic and commercial purposes) 2. European winters and Chinese intervention. (global pressure on gas prices) 3. improved administration of the company. 4. consistent increase in both onshore and offshore revenues Technically after breaking out from a very long parallel channel, it has retested the crucial and psychological level of ₹150/-. With CMP 154, the stock should again touch the recent highs of ₹172/-. It is also giving a dividend of ₹5.5/- which makes it more attractive even at higher valuations. One can buy with an SL of ₹145/- (result might make stock volatile) for Target of ₹170/- and above.
NSE:ONGCLong
by ashu1111111111
ONGC something Big ...Heavy Volumn BuiltUp...Expecting 6-7% MoveONGC is in now Some Trangular Zone ....and Facing Multiple Support As well As resistnace ...... It is respecting Its trendline from Last 3-4 Days.. But RSI showing bearish Divergence....Lets See What Happens But As per Volumn Builtup it will go up.....Bulls are taking this stocks from weakhands...- Now Resistance @ 148-149 Suppoet @ 141-140 Trade According It ...Looking Good .. Like And Comments If U get This Idea
NSE:ONGCLong
by Darshaann