Can look for shorting Opportunities considering previous fall and rejecting the trendline several times, Wait for 30 mins for 1Hr candle close.
Please do follow and support me for more such trades and checkout my other analysis as well.
here is the my analysis of ONGC Stock on daily time frame
if ongc break the resistance area and mantain above that then it can go up to till 177 to 180 mark
and if stocks come down and break is support zone and start closing below the support on EOD basis than come down till 151 to 154 price mark
buy and sell entry and stops are mention on chart
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...
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...
Rejections at 1,3 and 5 from the long term trendline. Made a lower high at 5.
Short below 95
Target 1 - 88
Target 2 - 82
Stop loss - 100
Go long above 108
Target 1 - 115
Target 2 - 122
Stop loss - 103
Note: My view is only for educational purpose. Kindly like and provide your support. Thank you!
ONGC go for short position. Keltner bands acts as resistance and a nice pin bar forms at S/R zone. The fibonacci retracement occurs at 61% and it shows another confirmation that price will go below. Meet you at Target zone.
![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]")
