ONGC 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...
near breakout keep in watchlist showing strenght and rs positive
Hello Traders, The rationale for the trade: 1) Trend Line - Support & Resistance 2) pennant pattern pattern 3) 50 & 100 EMA Support 3) 200 EMA Cross over in Weekly Time timeframe
NSE:ONGC forming flag above 129 can see T 132,136,140,145 SL 123 as per flag 114 as per C&H
ONGC: 2 break-out have observed in the up-trend. The major one is a flag pattern that confirms the rally to the next stop of @140 nearly can achieve the target of 13% . Points to be Note (Technical + Fundamental) 1. Stock is in an uptrend with Fibonacci levels ranging b/w 0.5 to 0.3 fast trend. 2. Relative strength is strong for the month. 3. There have been...
On Daily Chart Frame of ONGC there is a Reverse H&S pattern for which breakout happened & now ONGC is re-testing the neckline. A good Long opportunity for swing traders. TGT can be 6% from the neckline.....Best of Luck... Follow THEDECISIVE..... Because we help you to decide....
Only for educational purposes. Levels and targets marked in the image. Learned technical analysis at Patil Share Market Institute Aurangabad, Maharashtra. Please share your views.
ENTRY: CMP (126.5) breakout was 121.2 Target1: 168 Target2: 234.4 Target1: 293.25 Stop Loss : 118.8 (Weekly Close). Deep SL 104.15 Will Update Trailing Stop loss whenever required. Duration : 4-5 Years Stock has broken Monthly Trend line which started from Sep 2014. Also last week close was above 121.2 which was Previous Support on Monthly chart same should have...
Triangle PATTERN BREAKOUT signal on ongc Daily Time frame Happy LEARNING
This is purely technical analysis. Enter the trade at your own risk. Reasons to enter the trade 1. It is almost breaking the multi-year trendline 2. Good volumes supporting the up move. 3. Very close to breaking the 200 EMA.
HERE I SEE ON ONGC CHART 1 DAY TIMEFRAME THERE IS A CUP HANDLE PATTERN AND IN THE CURRENT PRIZE ONGC HAD A STRONG RESISTANCE ZONE I WILL MARK IN ECLLIPSE. SO WHEN THIS LEVEL IS BREAK WE HAVE TO BUY THIS.
Ongc looks good breakout with volume on monday. Stoploss 110 Target 115-118 in 1 week
Short term Sell if goes below 96 target-95,93 SL-99 Take position at your own risk.