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ONGC trade ideas

ONGC - Fundamental TailwindsOne of the few stocks in our markets with SUPER DUPER fundamental tailwinds. Crude prices have broken above $100. ONGC will gain a windfall profit. ALso on 1st April Natural gas prices will get revised making ONGC an EBITDA gain of Rs 5000cr per $1 increase in those gas prices. The plan is to start accumulating the stock if it bounces somewhere between 148/153 or closer to the 200EMA around 143. Might start at 148/150 which is a fibo + trendline support and avg downwards if it continues to fall.. This stock could be an out performer + give MASSIVE dividends every quarter going forward. The only caution is govt pushing subsidies on upstream companies (Petrobonds is something this govt has been against in the past)
NSE:ONGC
by rdkriplani
ONGC -- INTRADAY SETUP -- 24/02/2022ONGC Intraday pick as on 24/02/2022 . 1>> 15 MIN CHART stock seen trading cmp 160.75 at strong support double bottom area of 160 LEVEL 2> Stock seen trendline breakout at this level. 3> RSI at oversold area 15 min chart moving upword above 30 4> RSI also seen double bottom at this level 5> volume seen Increase in stock last few session. BUY ONGC @ 160.75 TARGET 165-166 Intraday stop loss 157 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** please do own anlysis ** trade at own risk. ! HAPPY TRADING. !!
NSE:ONGCLong
by champtrade111
ONGC ready for the uptrend!🤩💸🔥Buy ONGC for Positional Trading as well as Investment.💸🔥💸 Comment your views‼️😄 . 💡About Company: Oil and Natural Gas Corporation Limited specializes in the exploration and production of crude oil and gas. The Company has joint ventures in oil fields in Vietnam, Norway, Egypt, Tunisia, Iran and Australia. . 💡Future Outlook: ONGC’s topline performance is expected to register growth over the forecast period mainly due to the recovery in crude volumes and increase in realization. Revenue from Natural gas and Value-Added products is expected to improve due to the minimization of supply chain disruptions globally. This along with a possible hike in natural gas prices could drive the performance further. . ✔️ Technically & Fundamentally Strong💪💪 The company recently posted an Amazing Q3 Result. . ‼️ The stock gave a Multi-Year breakout in Oct 2021 and then it was in a retracement phase. With the recent start in the trend, a strong rally is expected from current levels. . 💎@technofunda_trader⁠ Few Important rules from my Trading Philosophy:⁠ 1. Don't compromise on the quality of stock. 2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues. 3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%. 4. Build position gradually as the stock rises. ⁠5. Trade in the direction of the bigger trend. 6. Ride the trend, don't sell your winners early. . Like, Comment & Share 😄😄😄
NSE:ONGCLong
by technofunda_trader
ONGC may retest 7.5Y trendline ONGC momentum depreciates and RSI negative divergence is observed in Weekly and Daily chart. Hence the 7.5Y trendline may be retested if the direction reverses from this level. If the Monthly 200MA level is broken down, price may retrace upto 61.8% breaking multiple support level. However have to wait the watch what the Feb Month candle indicates end of this month. Note: Am not SEBI registered analyst. This is my personal analysis. Comments are welcome if you see a different view.
NSE:ONGCShort
by kugan_vel
1