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ONGC

ONGC: Monthly Breakout... Would it break free???ONGC - the stock looks good especially on any dips - The stock has given a breakout on monthly chart (Breakout zone 115-118) - Short term Target 150 / 157 / 169 - Medium term target 196 / 212 Please note we do have a positive bias in the stock since November 05, 2020 when the stock was at 67 odd levels and we had given a buy for a target of 114. Our view on 22 Dec, when the price was 90, we had again reiterated a buy June 2, 2021, when the price was 118 we had a buy call for a Cup and handle target of 128 August 11 and Aug 30, 2021, again a buy was recommended ( once it triggered a SL and next time it hit the target) We have a history in recent times and our view may be influenced. Also our cost of acquisition is much much lower. So Please do your due diligence especially if you are considering ONGC for the 1st time at current levels. Take care & safe trading...!!! Like & Follow for more such ideas 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
2
I have taken a long position on ONGC I have taken a long position on ONGC on 17-9-2021 The reason for taking a long position was a demand zone that was created between 125.38 to 121.10. It is also trading in a channel, so my target is the upper trend line which also fulfills my 1:2 target. My entry point: 125.40 My Stop Loss:121.10 My target: 134 I will update once SL or Target gets hits WARNING: THESE ARE MY PERSONAL VIEWS AND NOT TRADING RECOMMENDATIONS, I AM NOT RESPONSIBLE FOR ANY LOSS TAKEN ON MY VIEWS.
NSE:ONGCLong
by Chankya
Brent Oil Future - Very Smokey ! 90 soon ?Yea yea, I know Oil is most manipulated commodity on the planet. But amidst the super consolidation worldwide, the most suppressed commodity is oil, and the hurricane supply chain destruction will annihilate the supply. We should see sharp rise in Brent Oil futures in coming days. It’s inevitable. I have given a range of targets from moderate to aggressive. In any version, Oil is touching sky. 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 :)
TVC:UKOILLong
by DoublebassmaniawithPranav
4
ONGC: Long Analysis.ONGC rallied from around 100 levels back in April to about 128 odd levels in June. Since then it has corrected down to 112 and seems to be taking support there. From there it is improving its structure and trying to create higher lows. It has completed a 50% retracement of that rally from 100 to 128, all the while travelling in a downward channel but now it seems to be breaking out of it. _______________________________________________________________________________________________________________________________________________________ One could try to go long keeping the following levels in mind. Do initiate the trade only when you observe that the price is sustaining above the "LONG ABOVE" level for some time. LONG ABOVE: 118.50 STOP LOSS: 114.85 TARGET 1: 122.15 TARGET 2: 125 _______________________________________________________________________________________________________________________________________________________ Manage risk properly and trade your plan. Like and follow for more. :)
NSE:ONGCLong
by Tradeception_
2
ONGC: Breakout trade potential and F&O strategyONGC CMP 119.55 This is what was mentioned on 11 Aug It was highlighted that momentum might come above trendline. Today it crossed that trendline. Looks like the stock has finally given a breakout Target of 129/ 133 is on _________________________________________________________ F&O strategy One may Consider buying 120 Call option in the range of 2.8 - 3.5 (CMP 3.3) Target 5.2 / 8 Stop loss as per your risk appetite. Do give importance to Risk Management. _________________________________________________________________________________________________________________________ What I have done to reduce my risk is I have sold 115 Put option currently around 2.6. If ONGC stays above 115 but below 120 on 30 September my loss in strategy would be 0.7 paisa per strategy lot (Risk of loss would increase if closing is below 115 on 30 Sept) If ONGC closes at 120.70 on 30 Sept, strategy would breakeven and any close above 120.70 on 30 Sept would be my profit. Take care & safe trading...!!! Like and follow for more such ideas 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
2
ONGC: Will it bounce back?ONGC Levels mentioned in the chart Best regards 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