The Stock was Trading RS. 97.65, which is still 10 percent away from its 50-Week high of Rs.109.75.
Stock Have Potential to achieve Rs. 105.85 Target
It's making Pyramid
Buy between 96.50-97
target 102.35 intraday
target 105.85 within 2 3 day
ONGC looks strong after a period of small volume candles.
The theory behind such moves is - There is a period of accumulation happening over a time and then a sudden surge in volume to take price up. The price rise needs to follow through to keep the trend going. If you look at chart, there are big green candles and small red candles after the surge. This makes...
ONGC is at a resistance that it has tried to breakthrough on 3 occasions but failed.
This time however, the volumes are good on the breakout. It can finally sustain.
I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested." NSE:ONGC
A trait of a demand/supply zone is when the candle, which is breaking out of the zone, has a range that is significantly greater than any previous candle's range. Also, a range is usually formed inside a demand/supply zone, after which the price breaks out/down and continues to move with momentum in one direction. These can be great confirmations to find and make...
ONGC can be entered between 67.45 and 68.50. The stop loss is bare minimum, and the profit range is pretty high. We can see the targets being achieved in a month or two. It is a positional trade. The long term strategy traders can go further beyond the targets.
Buy on dips at following entry prices:
Entry: 68.50, 68, 67.50
I will go LONG on ONGC because:
1) The price is forming a Chanel or Rectangle Pattern .
3) The price is also under Support/Resistance zone.
4) It has touched the support and may reach the resistance zone .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 74
First Target - 84
Second target - 92
Stop loss - 70
Hi guys this is Trader Kanishk
Points discussed in the video:
Why to go long
has it taken support
trend line breakout
new support levels
new stop loss levels
entry levels for sharp entry
and many more.
Watch the entire video and
GO for It
Every thing i have discussed in this video is only for educational purpose,...