ONGC
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
ONGC - Trend reversalONGC seems to have a reversal bull candle from the bottom of the triangle pattern, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
ONGC - Inverse Head & Shoulders BO + volume expansionONGC is breaking out of the Inverse Head & Shoulders pattern it was forming since February. The price has broken out from the neckline and there is an expansion in the volume. I have made an illustration on the left-hand side, to explain the pattern.
Targets: 128, 137, 140, 146.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
ONGC resistance turned support retestONGC has retested the support on trendline 2 while moving upwards and respecting trendline 1. This could be an optimal entry with a stoploss at 116. Targets would be 139-152.
Please do your research before taking trade. I am sharing this for educational and awareness purposes.
DAILY SWING CALL // Friday 25th of June 2021 NSE: ONGCDAILY SWING CALL // Friday 25th of June 2021 NSE:ONGC
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 122
TARGET: 140+ (15% Around)
STOP LOSS: 110 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
ONGC: Opportunity for re-entryONGC
Last time we gave a target of 128 / 136
The stock did an exact 128 and has now retraced to 120 odd levels.
As observed in the chart, at current price, the stock provides another opportunity to enter.
Target 136
Pattern gets invalidated if closes below 114
Take care & safe trading...!!!
ONGC - Short term looking bullish.ONGC: Looking Strong for Short term
After forming a beautiful cup and handle pattern, breakout then retracement and now taking support at 400 days EMA.
Good possibility of upmove.
Buy - at CMP (120)
Target - 130+
SL - 110
All levels are for educational purposes only. Do your own research before investing.