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
1) Cup & Handle Formation (Daily Framework)
2) Falling Trendline has been Broken & the Price has made a healthy retracement.
3) RSI at a Healthy 60.82 Zone
Ps: Not a Buy Call/Investment Advice - Market Analysis Idea Sharing Only - Please Do Your Own Research.
Happy Investing, Stay Safe & Protect Your Capital
Super run up last 4 months....
Approaching trend line on monthly charts...
euphoria continues and amplifies if monthly trend line is breached on monthly closing basis than a supper rally on the cards...
Any how 3735 is a big hurdle to cross....
Happy trading and like share and follow..
ONGC has posted a solid results this Q1 of FY 22-23
Stock has made higher lows and higher high formations.
Successful B/O at 131.6 range of historical resistance after retesting the Point of Confluence which is support of trendline and the B/O resistance turned support.
* Dividend announced of INR 3.25/- per equity share 18th Aug Ex -Div
Once can enter after...
now Gail is at lower level of range , one should enter here. This is the golden time to enter.
SL below the range (5-10%)
TARGET-upper level of range(33%)
Only one straight target.
that is all from my side.
"Happy Swing Trading"
Makkale GAIL waiting for blast mode but need confirmation though. For a long term investor i dont want to say that because under hydrogen theme this going to benefit most, u didn't bought yet??? ( innuma buy pannama irrukinga)
Am posting this for swing and short term makkale.Kindly do your own analysis and must follow risk reward and money management.
PSU THEME STOCK
NMDC Limited is engaged in the mining of iron ore. The Company's business segments include Iron Ore and Other minerals & services.
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 6026.68 Crore, down -12.43% from last quarter Total Income of Rs 6882.44 Crore and up 35.10% from last year...
Good base in moil
BO with good volumes and volume increasing continuously
Buy at CMP
add on dip till 150
weak below 133
Market Cap--₹ 4,178 Cr.
Company is debt free.
Promoter +institutional holdings >82%
The IOC is forming a channel and presently trading at its lower support. I has given a good breakout of the trendline and now it is ready to give us a good move upto it's resistance and it may go above too
Bank Of India
Respected the trend line. Volume is above average. Stock to watch.
Disclaimer : This chart is only for educational purposes. Before taking any position kindly do your own research. Follow the Risk Management rules.
Stock is moving with Higher Low's.
Ascending Triangular Pattern breakout confirm on Weekly chart's.
Breakout candle is very strong.
MACD supportive to breakout.
MACD Indicated Positive crossover too along with Sharp Uptick in RSI.
RSI comfortably staying above 60. One can see consolidation near 50-60 zone too.
Stock has given breakout with Strong Volume Rise....