The stock has formed an inverse head and shoulder and moreover if we look at a broader picture the stock has formed a cup and handle and inside it and inverse head and shoulder has been formed
ONGC - Price closed above the trendline. Price is trying to reach ATH. 300 - 295 levels may see profit booking. Accumulate till 261 will become buy average of 270. Keeping 257 SL and immediate target of 295 - 300 gives 1:2 setup. If price doesn't come down for accumulation or if SL hits then get out of the trade do not stick to it. Keep an eye on OILINDIA...
ONGC (1D TF) - Swing Trade Analysis given on 5th March, 2024 Pattern: ASCENDING TRIANGLE - Volume buildup at Resistance - Done ✓ - Resistance Breakout - In Progress - Demand Zone Retest & Consolidation - In Progress #ONGC
Date : 03-03-2024 Buy ONGC above 278 Target of 317-355-405-507 SL 201 Strategy : SBO + RSI > 60 + EMA above 20 & 50 Duration few weeks to months Please consult your financial advisor before investing All research for educational purposes only. Stock is ready to cross past barriers with good volumes
ONGC GRADES LOOKS GOOD Code ONGC ATH 314 CMP 272 52WH 281 % Diff ATH 13% Diff -13% % Diff 52WH 3% EPS 33 PE 8 Consolidation Year 9.7 cons. Date 1-Jun-2014 Roce / Roe*1.5 14 PROFIT X (TTM Net Profit / Start Consolidation Net Profit) 1.9 ATH PROFIT 8 ATH SALES 6 ATH QUARTER PROFIT ? 1 PE(M) 1 year or PBR 2 ATH Price 8 pe<eps 4 ROCE,ROE 0 Consolidation 6 ATH Profit...
The stock has been in consolidation since quite long and has been making series of patterns the major one is rounding bottom it is expected to touch 305 levels soon followed by a breakout after the breakout the stock can rally till the 542 levels
Monthly chart of the stock, there is strong possibility that stock can touch its previous high in the comin week, so 280 CE available at Rs 5 can give good returns, or can be look into cash for short term level 310 and 350, 400, 450 levels.
📈 Stock Name - Oil & Natural Gas Corporation Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 280. 🚨 Disclaimer: This is not a Buy or...
ONGC Head and shoulder pattern Multi-year breakout BO date 6 Feb Target 332 CMP 273 SL 240 For educational purposes only Trade based on your research
The stock reached ATH of 314.55 on 9th June 2014. It then fell by almost 84% to reach 50 on 13th Mar 2020. It took support at the lower trend line to reach high of 194.95 on 8th Mar 2022. It faced a correction of almost 38% reaching a 52W low of 119.85. on 6th July 2022. Recently, it took support from lower end of the channel rising nearly 33.62% in 9 months....
stock make bearish price action on 15 min time frame making lower high create support at 246 but third bounce in weak make lower high price action say stock is bearish possibility is both side if break down side i will go half quantity in upper side will go full quantity NOTE: only for educational purpose RULE: 1: always trade with stoploss 2: decide your risk...
parallel channel in ONGC this is going to be very good once we have monthly closing above 178
Its making a Head and shoulder pattern , Resistance at 181 and 195 It would be interesting to see this script in coming days and once it crosses 181 and 195.
keep trailing once gains 0.5%
ONGC reversal range breakout May touch all time high Target : 300
#ONGC CMP : ₹-223.4 Date : 12-01-2024 ONGC - Technically looking good. Chart is self explanatory. Multiple breakouts identified in the charts. Almost 5 year old resistance trend line breakout and retesting identified along with a cup and handle and upward parallel channel breakout. Now the stock is at its 52 week high with significant volumes. Upward trend is...
If you see the relative strength of ONGC, it was positive on monthly charts back in 2015. After many ups and downs, it's back in November 2023! This might be an upside trend indication. One more indication comes from a reverse head and shoulder pattern that can be seen on the chart, adding to the upside indication.