Breakout Alert: ONGC Channel Breakout Above 300,Details:
Asset: Oil and Natural Gas Corporation (ONGC)
Breakout Level: Above 300
Confirmation: Channel breakout with increasing volume
Targets: 320 and 340
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Short to medium-term
Rationale: ONGC has broken out above the upper boundary of its trading channel at the 300 level. This breakout is supported by increasing volume, indicating potential bullish momentum. The targets for this move are set at 320 and 340, considering the continuation of the upward trend.
Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement.
Remember to conduct thorough analysis and implement appropriate risk management strategies before initiating any trades.
Ongcpattern
ONGC Ascending triangle !! 8% in just 2 days.NSE:ONGC
#ONGC Ascending triangle shared and it delivered handsome returns, checkout the result 8% in just 2 days 180 CE bagged 20k/lot.
Wish everyone bagged good profits, no need to share profit screenshots, just like the chart if u love the analysis.
Based on the likes of this post our next analysis will be posted, expecting atleast minimum.
Long ONGC...High Probability setupONGC
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
Simple Trade Setup | ONGC | 09-12-2021 [ INTRADAY]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 "bullish flag and pole" pattern.
If it gives sustainable breakout of this pattern then we can see a good bullish upmove.
Please refer below chart : 1 day Time Frame.
3) Also on 1Day time frame, we can see that it is forming Rounding bottom or Cup and handle pattern.
Immediate breakout level is at 150 and major breakout level is at 160 level.
Immediate support is seen at 140 level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 09-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
ONGC PRICE ACTION ANALYSIS. BULLISH FLAG PATTERNONGC 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.
🎯ONGC Very Long Term trend broken 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 taking any trade on them. We are not SEBI registered.
ONGC: Long Analysis.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 to be breaking out of it.
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One could try to go long keeping the following levels in mind. Do initiate the trade only when you observe that the price is sustaining above the "LONG ABOVE" level for some time.
LONG ABOVE: 118.50
STOP LOSS: 114.85
TARGET 1: 122.15
TARGET 2: 125
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Manage risk properly and trade your plan.
Like and follow for more. :)
ONGC - Trend reversalONGC 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 retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
ONGC – TrendLine Beakout on Monthly Chart
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 acted as resistance which didn’t happened hence script is showing good strength.
Heavy Volume also seen last few month, signaling accumulation phase over or almost about to end in this script.
Fundamentally Co has good record of making consistence Profits for its share holders.
Cash Flow Statement has been consistently growing hence Co is able to give good Dividend over years.
Dividend yield is around 4%.
Debt to Equity 0.5 times (favourable)
Book Value 167 vs CMP 125 (Available at discount)
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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