i am new in this field... i am learning techinical analysis this is my frist analysis of ONGC Oct 170 CE chart lets test if my analysis works ;)
pls suggest me if i have done something wrong ;0
BSE:ONGCV2021
HINDPETRO -Buy call for HINDPETRO was given on 11 May.
Buying Range was 260-265 . Currently trading at 320.
The stock is heading to 450 levels in midterm.
Below is the call shared on May 11
#ONGC :
- Multiyear Trend Line Broken / Golden Crossover (50/100 Ema) - Forming on Weekly Chart
- Moving in a Parallel Channel of Resistance & Support
- New 52 Wk High Formed - Possible Pull Back into the channel b/w 135-140 Zone towards 120's Zone before moving towards 150 Zone
Fundamentals looks strong: Higher Gas Price Realization & Higher Crude Oil Price...
NIFTY ENERGY SECTOR is forming and inverted head and shoulder pattern. The sector has broken out on weekly TF. The stocks in this space can move great over the next few weeks.
Your SL in this sector would breaking of right shoulder low.
Look for stocks like Tata Power, Adani Power, GAIL, BPCL expect a good run up in these stocks.
as per chart it looks too good for grab
add in small qty, energy sector looks too much promising in last few days.
SL 115 for short term and 110 for medium term investors looks good.
ONGC-CMP 112.35. It formed cup and handle pattern it can be bought in the range of 112 to 108 with a sl of 104 for a target of 117, 125.5, 131++. This is for educational purpose and consult financial adviser before any trade
NSE:ONGC
As one can see, very long-Term trend broken in ONGC share, stop loss also given as per my view and as well as I have mentioned resistance on chart as well, trade accordingly.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before...
ONGC 15 min time frame analysis
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
Multiple bearish harmonic pattern formation with prz levels at same point,,,
trend reversal can be seen from current levels,,
counter can give fall of 15-20% from current levels,,
Good short candidate
NSE:ONGC
Expecting the ONGC to reverse from the Top of Channel @ 138 to 140 and Reverse to a Level of 120 in Few weeks.
Disclaimer - Its not a Recommendation to buy, sell or Hold
