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
2021-10-01: ONGC BUY @ 142.7 SL: 138.5 Target: 151
After breaking its monthly resistance, I think it would take a few more consolidations and hits at the same before it begins in upward trajectory.
ongc chart analysis for intraday and swing trading
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success. (Do talk to your financial advisor before making any investment decisions) please like, share and comment if you have any suggestion regarding this analysis.
OMC will start giving better results and margins. strong breakout will see 250++
ONGC Cmp - 142 Stop - Nil, Add on relevant dips Expectation - T1 - 150 T2 - 160, Review at 160 Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2 View:- Swing/Investment Disclaimer:- Not a SEBI registered advisor Ideas being shared only for educational purpose Please do your own research or consult your financial advisor before investing
NSE:ONGC has given a amazing breakout from Descending Channel Pattern at the level of 145. A amazing Swing trading opportunity can be grabbed from here. Go through the details mentioned on the chart. SETUP Entry - 145 - 148 SL - 135 TARGET - 162, 170, 190 Enter 50% QTY now and Rest can be added at Retest of the support ...
ONGC Observations - stock is currently in short term downtrend - stock trading below it's 20 day and 50 day EMA currently around 141 and 144 respectively - 200 day EMA currently around 129 128 acted as resistance previously and could possibly act as Support now - Blue Trendline support also comes around 130 odd levels - So we see multiple support levels...
Hey Guys, SL range 3-4% Target range 7-8% risk reward is favorable... Additional confluence It took support from the trendline.. NSE:ONGC
New Virus scare - Not so much. Omicron Scare - Not so much. Strategic Reserve band aid approach - Not Working. Proper Cup n Handle Pattern on 4 Hours ? - Yes. Oil and markets to come back now - Possible! This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
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...
Why this Trade..?? 1. FALLING CHANNEL Buy or Sell based on the Support Break with Volume Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
ONGC 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...
ONGC swing trading opportunity we can go long due to following reasons . monthy breakout done weekly breakout done retest done at weekly level coming out of daily timeframe and about to give breakout we can go long with small SL and bigger targets .
Here is the ONGC Break out Chart Trend ONGC On its Support.
Crude 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...