ONGC FLAG BREAKOUTONGC Flag/ down-trending Channel breakout. 119.5 PIVOT/ make or break of the trend.
ONGC trade ideas
ONGC as per chart it looks too good for grab
add in small qty, energy sector looks too much promising in last few days.
SL 115 for short term and 110 for medium term investors looks good.
ONGC on fire.Analysis for the same was posted on 22nd May. Do go and check out that analysis from the link posted below. For any query do post in the comment box.
ONGC at very crucial level , for positional point of view.ONGC at the resistance line as well as 200EMA on weekly chart. Keep it in your radar, because you know how it going to fly after breakout of such a very very strong resistance line. If it breaks it will BOOM. One can also see the increase in the volume in the recent weeks.
Buy ONGCONGC can be looked at 135+ for long term. Once it will cross the long term resistance of 141-142, it will fly. My target is double from here. Buy more at declines.
ONGC made Cup & Handle pattern in DayTFONGC: May Bullish for tomorrow i.e., 04.jun.2021
** Reasons to buy: Made Cup and handle pattern in day frame, Trendline Breakout With good Volume & Continuously making Higher Highs in Day frame indicating uptrend.
** Buy only on confirmation i.e., if tomorrow candle breaks high of 03.06.21 and closes above the high then go for buying.
**Educational Purpose only.
ONGC Long TermONGC CMP 146 on Dips till 110..Upside 174/200/250/300+..Support 107 on monthly Closing..Only for Members who have lots of patience n can wait for long term..
ONGC CMP 112.35. cup and handle patternONGC-CMP 112.35. It formed cup and handle pattern it can be bought in the range of 112 to 108 with a sl of 104 for a target of 117, 125.5, 131++. This is for educational purpose and consult financial adviser before any trade
ONGC on Radar! Can blast to 180-200 in Oct seriesAbove 150+ can see very sharp move, takibg support from RSI trendline ,+ve news of 65% gas price increase, adding 6-7k Cr to bottomline, with P/E of ~9, min 40-50k Cr market cap is to come, 30% of cmp, grab it and see the Action !!
🎯ONGC Very Long Term trend broken 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 taking any trade on them. We are not SEBI registered.
ONGC short opportunity Bearish divergence on 15 MTF in this script. Looking to the downside till next TGT...
ONGC - Swing trade IdeaONGC 15 min time frame analysis
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
ONGC is now 145 from 118, 1 Month 22% GainNSE:ONGC was shared on Aug 30, 2021 with following details
Buy Option 1 : Buy @ 118 TO 120 (High Risk)
Stop Loss :
Option 1 10%
Option 2 : As per your risk profile.
Option 3 : Below 108 ON WEEKLY CLOSING BASIS
Target 1 : 128,150
Risk : Medium
Duration : 1 to 4 Months.
Note : Monthly closing above 128 will confirm breakout
ONGCONGC is in Sideways Parallel channel since nov 2004. If we get monthly closing above trendline level then we may expect good return in few weeks.
ONGCbreaking out of multi month falling wedge. future targets 500.
once it got breakout above 200 and hold that level it can continue rally upto 500.
[ INTRADAY ] ONGC LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Ongc good short candidateMultiple bearish harmonic pattern formation with prz levels at same point,,,
trend reversal can be seen from current levels,,
counter can give fall of 15-20% from current levels,,
Good short candidate
ongc longabove 140 can fly like a butterfly, watch out for closing above 140+, please do your home work then jump.
ONGC - Trend ReversalAfter a very long time ONGC is about to break the downward trendline..Crude prices are up, Gas prices are supposed to incease from 1st Oct and this could be a major trigger for ONGC.
ONGC in the last 1 month has finally broken above the 200 day moving average on the weekly and monthly timeframes too. It brokedown below in July 2021.
ONGC will also finally make a higher high on the monthly timeframe above 142 which is where it could make for an interesting long trade. SL for this trade would be 132 which is slightly below the 200MEMA.
For someone that wants to preempt the trade. Start at CMP but 50% quantity and keep SL at 130. Once it crosses 142 double up the allocation (my preferred method)
The only danger is if the govt pressures ONGC with any oil subsidies with crude rising to new highs.
#ONGC Channel BreakoutPossible target of 145+ in Short term with a strong support at 125-127 levels.
ONGC back in bull mode - Brent Oil SluggishFor ONGC to run, Brent Oil Futures have to be running to. it’s quite simple.
Right now, Brent Oil Futures are, well consolidating but when brent runs, ONGC is ready to touch at least 125 for the starters.
Let’s see, I am a little biased because of few calls I am holding but overall pattern looks quite convincing, remember, yea stock bahut frustrate karata hai.. Writing a Put or a call is much better than just buying a call or a put.. Bears are very very active in this stock; no reason makes sense.
*This is a view from a newbie trader. Please do not take this as a trading advise. Do trade your hard-earned money on recommendation of a registered stock market expert.
[ INTRADAY ] ONGC LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
[ INTRADAY ] ONGC LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
