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ONGC

Simple Trade Setup | ONGC | 09-12-2021 [ INTRADAY]NSE:ONGC Observations: 1) On 1Day time frame, we can see that it faced resistance from 21DMA and it is between 10DMA and 21DMA. 10DMA is placed at 145.82 and 21DMA is placed at 150.19 level. Breakout on either side will give good move. Please refer below chart : 1 day Time Frame. 2) Also on 1Day time frame, we can see that it is trading in flag of "bullish flag and pole" pattern. If it gives sustainable breakout of this pattern then we can see a good bullish upmove. Please refer below chart : 1 day Time Frame. 3) Also on 1Day time frame, we can see that it is forming Rounding bottom or Cup and handle pattern. Immediate breakout level is at 150 and major breakout level is at 160 level. Immediate support is seen at 140 level. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 09-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:ONGC
by Trading_hawk
5
ONGC Can fly after taking support in descending channel patternONGC is continuously making a descending channel pattern from 173. After breaking the 20 and 50 days EMA now it is about to touch 100 days EMA and this could work as a strong support for ONGC as there are both supports available at 138 . 1st is Descending channel pattern's trend line and 100 Days EMA also running around 138. You can take entry in it according to provided details on charts. you can hold this scrip for medium term target of 172 if it cross the level of 153 with good volume and retest.
NSE:ONGCLong
by akshaybatra020
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