The stock ONGC has been trading with a higher high and higher low price formation.
Today, the stock broke out from a this horizontal line on above average volume.
Upward Momentem possible
Comment All your Views
Oil And Natural Gas Corporation Ltd (ONGC) break out level @Day time frame
News : Oil and Natural Gas Corporation Ltd | The company has signed six contracts for Discovered Small Fields (DSF) in the Offshore under DSF-III bid round, with 3 each for fields in the Arabian Sea and Bay of Bengal.
Today watch ongc . Yesterday crossed with high volume and momentum
BUY...
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.
NSE:ONGC
#NSE:ONGC formed beautiful ascending triangle and good above 146, opened with good volume and consolidating now,
BO sustainability may give good momentum in stock, safe side marked support level.
Happy LEarning !!
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
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ,...
ONGC
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
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...
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...
ONGC 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...
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...
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.
![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]")
