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OIL AND NATURAL GAS CORPORATIOOIL AND NATURAL GAS CORPORATIOOIL AND NATURAL GAS CORPORATIO

OIL AND NATURAL GAS CORPORATIO

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ONGC trade ideas

[ INTRADAY ] ONGC LONG BETrisk: 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 ********
NSE:ONGCLong
by Palkesh_Agrawal
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.
NSE:ONGCLong
by rdkriplani
1
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.
NSE:ONGCLong
by DoublebassmaniawithPranav
1
[ 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 ********
NSE:ONGCLong
by Palkesh_Agrawal
[ 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 ********
NSE:ONGCShort
by Palkesh_Agrawal
ONGC: Monthly Breakout... Would it break free???ONGC - the stock looks good especially on any dips - The stock has given a breakout on monthly chart (Breakout zone 115-118) - Short term Target 150 / 157 / 169 - Medium term target 196 / 212 Please note we do have a positive bias in the stock since November 05, 2020 when the stock was at 67 odd levels and we had given a buy for a target of 114. Our view on 22 Dec, when the price was 90, we had again reiterated a buy June 2, 2021, when the price was 118 we had a buy call for a Cup and handle target of 128 August 11 and Aug 30, 2021, again a buy was recommended ( once it triggered a SL and next time it hit the target) We have a history in recent times and our view may be influenced. Also our cost of acquisition is much much lower. So Please do your due diligence especially if you are considering ONGC for the 1st time at current levels. Take care & safe trading...!!! Like & Follow for more such ideas Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ONGCLong
by indiamarketoutlook
2