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Ongcanalysis

Bullish break out in the stocks for this week 08/07/2024.. ONGC is a government sector company is trading around the resistance zone. If there is a break out of the consolidation zone good returns can be captured in the stock. The stock has taken a good support from 20 ema which also gives a confidence to hold the stock for a swing trading. Even on the daily charts, the stock has test the 200 ema and chance of it clearing the resistance level is high. A round number figure of 300 can be seen as the next resistance as the stock will be trading in an uncharted zone after the break out. Kotak bank has been trading in a range and the upper resistance zone is around 2050 levels. The stock is currently trading around 1850 levels and has taken support from both the moving averages on the weekly charts. If the stock sustain the break out there are chance of it hitting the resistance level soon. The target for trading are there on the chart. Long term stock positions can also be created in the stock as it seems to show some bullishness. Wait for the price action near the levels before entering the market.
NSE:ONGC
by Mambotrade
ONGC - Great Price Action Stock to Study!Retracement would be better with that said aggressive entry can also be found in the Daily time frame. I will be posting the same in the follow-up trade soon... - Stay updated for further insights and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:ONGC
by SuperNova396
2
Breakout Alert: ONGC Channel Breakout Above 300,Details: Asset: Oil and Natural Gas Corporation (ONGC) Breakout Level: Above 300 Confirmation: Channel breakout with increasing volume Targets: 320 and 340 Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: ONGC has broken out above the upper boundary of its trading channel at the 300 level. This breakout is supported by increasing volume, indicating potential bullish momentum. The targets for this move are set at 320 and 340, considering the continuation of the upward trend. Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement. Remember to conduct thorough analysis and implement appropriate risk management strategies before initiating any trades.
NSE:ONGCLong
by CyborgTradingHub
ONGC analysisIn this chart I've shown The white lines as support and resistance. once there is a breakout on either side The red and green lines are the targets on each side. But the MACD has both EMA lines going upwards so The trend is probably going to be in bullish side. Analysis Dated on 30/12/2022 So, the BULLISH trade would be: Buy: 151 (if clear breakout) Target-1: 157 Target-2: 167 the Bearish trade would be: Sell: 139 (if clear breakout) Target-1: 132 Target-2: 125 Correct me if I'm wrong on my analysis technique cause I'm still a beginner with technical analysis and open to corrections, new ideas, suggestions, etc..
NSE:ONGC
by hajariparth28
1
ONGC - ShortOil Stocks rallied in the past few days mainly due to the fall in international crude prices. This will in turn increase the profitability of the Oil Companies. But this scenario won't exist for long. The oil price will rise within a few weeks and the domestic oil price will not increase accordingly due to multiple factors like preventing inflation and the upcoming state election in the next year. So the oil companies' profitability will again take a hit and can expect a crash soon.
NSE:ONGCShort
by Sniper-Traders
Ongc stands for big move in 3hrs TF.Hello Friend's, 🤗🤗This stock is mainly suggested for 14-06-2022 Intraday players. Our view 🧐 is totally bearish on this stock because according to market sentiments. We will short this when price cross down below 157.50 with the accurate target🎯 of 155.50,153.50.We will track this as long as possible for few days. 8t can be jackpot trade🤷‍♂️ when price enters in our directions. (Guys, I want to clean & clear you one thing Don't change your👀of mind in running trade. Just be strict on one view🧐.) Have a nice day traders 👍👍🤗🤗
NSE:ONGC
by Oceansking
1
#ONGC Support levels NSE:ONGC 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:ONGCLong
by linesandlevels