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Ongcbuy

ONGC - Good Pattern - Market structure - Target 150 ? 🔰 MY thought process : ⭐Ongc making higher lows and getting good buying zones inside the pattern itself too ⭐The stock is getting rejected from the same levels too = Aggressive Sellers ⭐The stock is getting good support too at marked areas = Aggressive buyers ⭐a small day trendline is created by me on the charts = its break can be our good entry ⭐Risk is the most imp part = candles low can be taken as a good sl small risk ⭐Pattern: Triangle ⭐ Targets: 150 as of historic data and 135 as of fibo ext :) 🔰Am I taking this trade now: I might :) Trades I am in Naukri, Coal India, Nazara. 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:ONGCLong
by Averoy_Apoorv_Analysis
ONGC - Short term - Buy 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 it a probable candidate for further move up The price expected to rise till next supply zone that is marked in charts The closer you go for a buy near the demand zone - the better it is - keeps the risk-reward in favour. Stop loss , targets mentioned on the chart. Trade as per your risk appetite Please make a note - this is short term recommendation and the chart is of ONGC Futures. If you trade on equities, please use that chart Happy Trading MSK
NSE:ONGC1!Long
by msk_analysis
Economics of ONGC(Demand and Supply)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 certain levels as demand or supply regions. Another trait is the formation of wicks near the supply zone and of tails near the demand zone., which is a sign that strong players pushed the price opposite to its original move. Observe the size of candles on 21 September and 25 September. Notice their range is greater than any candle visible on the current chart. This clearly shows that strong sellers are present at the supply zone(73-75 levels) and strong buyers are also present at around 65-67 levels, who push the price down and up, respectively. This has also caused the price to stay in a range for a long time and where the price breakouts out will decide whether this bigger range from 65-75 was a distribution zone or an accumulation zone. Comment if you have any query and if you like my analysis, don't forget to press the like button. I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and trade carefully! Grateful!🙏
NSE:ONGCLong
by inteliigentrader
ONGC go long Hi guys this is Trader Kanishk ONGC Analysis Points discussed in the video: Why to go long has it taken support trend line breakout new support levels new targets new stop loss levels entry levels for sharp entry and many more. Please Watch the entire video and GO for It DISCLAIMER Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position. One more very important thing Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
NSE:ONGCLong
by thisiskanisk
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