ONGC Analysis
Monthly,Weekly, Daily RSI Above 60
Weekly at near breakout, daily already given triangle Breakout
Buy Above 195 , TG 200 , 202 , 205
SL 185 , 180 BE FAST And quick in Current Situation
ONGC (Daily):
1. Stock has given Breakout from Ascending Triangle
2. RSI= 67 (bullish sign)
3. Good volumes on Breakout
4. Stock has reversed from 20 Days Exponential Moving Average
5. Stock has broken 52 Week High
View Point:
1. Some Quantities of the stock can be added on some retracement for Long Term and some quantity can be added at current levels.
Addl...
NSE:ONGC
#NSE:ONGC trading bullish and potential levels marked for easy understanding.
You can ping/check down to this chart (signature place) for complete details of the stock/level shared.
Its not post result, its live trade shared for LEarning.
ONGC
Cmp - 142
Stop - Nil, Add on relevant dips
Expectation -
T1 - 150
T2 - 160, Review at 160
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
Disclaimer:-
Not a SEBI registered advisor
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
NSE:ONGC
Observations:
1) On 1Day time frame, we can see that it faced resistance from 21DMA and it is between 10DMA and 21DMA.
10DMA is placed at 145.82 and 21DMA is placed at 150.19 level.
Breakout on either side will give good move.
Please refer below chart : 1 day Time Frame.
2) Also on 1Day time frame, we can see that it is trading in flag of...
ONGC is trying to break the Bullish Rectangle pattern.
Buy above 164, but volume confirmation is crucial. Stop loss at 153.
The target is set by XABCD bearish crab pattern and bullish flag pattern.
Happy trading :)
This is just for educational purposes.
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...
As you all can see what the chart is showing, we can make long positions for upcoming trading sessions.
Go with the cahnnel and sl below previous candle. Do your own analysis as well.
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...
ONGC
Buy - Above 113
Sl 109
Target - 118 121 127
Trading On PRZ/ But the trendline has been broken. But if it has strength to move upside, then has to trade above 113.
ONGC 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...
![ONGC: Simple Trade Setup | ONGC | 09-12-2021 [ INTRADAY]](https://s3.tradingview.com/g/gcDaH8Hf_mid.png "Simple Trade Setup | ONGC | 09-12-2021 [ INTRADAY]")
