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
ONGC weekly chart, Trend line Breakout and retest the point. Good opportunity for going long. Levels marked in chart for reference. My personal opinion on ongc. If you like/agree the idea, thumbs up for motivate. Thanks. in 7 minutes
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...
ONGC CREATING BEAUTIFUL FLAG AND READY FOR BREAKOUT, 3 TIMES TESTED 127 (RESISTANCE) AND CAME BACK TO ITS STRONG SUPPORT 122.9 ONGC ABOVE 125.5 WILL BE BULLISH. PS: THIS IS MY PERSONAL VIEW, KINDLY CONSIDER IT FOR EDUCATIONAL PURPOSE ONLY.
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...
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.
🔰 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...
Bull run in crude price, ongc can expect 129 level in coming week.
ONGC IS FORMING A GOOD BULLISH SET UP FOR LONG WITH THE SL OF 96 DCB TODAYS CLOSING ABOVE 99 WILL TRIGGER BULLS
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