ONGC trade ideas
ONGC is About to Fly1.Inclined Resistance Breakout.
2.Fibonacci Retracement Support few days back.
But Breakout Volumes are less soooo let HAve a Eye
ONGCNSE:ONGC
1-Price reached the low of trend channel
2- Stock is underperforming both benchmark and sectorial indices
3-Target could be upper trend line
BREAK OUT IN "ONGC"As per analysis on chart patterns, ONGC has given a break-out. We can go short on it after confirmation. NSE:ONGC
BREAKOUT SITUATION IN ONGCStock taking support below and can be seen at a very good fibo level.
If the price opens above the the trendline and takes support of the fibo level then we can look for the buying side for tomorrow.
If it comes around the support level again we can still think to buy
Please do your analysis and if you have any idea please tell me in the comments .
ONGC: Will it bounce back?ONGC
Levels mentioned in the chart
Best regards
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
ONGC--> 8% upside potential in monthsWe can expect minimum return of 8% woith a stoploss of 4-5% in mid term .. duration could be 2-3 months
ongcBuy from cmp 114.95 to 113.5
easy target 120
Disclaimer : This is my personal analysis for study purpose not intended for trading
TRENDLINE SUPPORT ONGCBUY ONGC @TRENDLINE SUPPORT OF 117
ENTRY : 117
STOPLOSS : 105
TARGET 1 : 128
TARGET 2 : 134
ONGC - Long Hi Guys,
Welcome to Thenali Views,
Let us see the my views in ONGC,
ONGC has formed in the Bullish Trend, as Higher High and Higher Lows are formed and the script hasn't braked the last line of defense and new market structure was formed.
And we can consider, that Morning Star was formed and the script has taken a support at the trend line and a double bottom was formed in the script.
Hence, we can go for Long in the script :
Buy at 115.30
SL - 110.50 ( in Closing Basis)
Target - 128
Risk to Reward: 1: 2.66
if the script brakes and close above 128 in daily time frame then the neckline of the double bottom was broken and even we can trail the stop to the next resistance level of 148-149.
Hope this sound good.
Thanks and Regards,
Thenali Views.
Disclaimer: Kindly do your own analysis and contact your financial advisor.
I am not a SEBI Registered Analyst and this idea was for educational purpose.
20 points available with Fibonacci levels. Taking support at the fib level and can bounce up to 130 levels.
ONGC reversal pattern expectedONGC has taken 100MA as a support on DAILY HEIKIN ASHI candles.
expecting an uptrend from here.
NSE:ONGC
Question on ONGCStock has now moved into important support zone.
One can expect a bounce
Breakdown of this zone will bring further weakness.
