Question on ONGCStock has now moved into important support zone.
One can expect a bounce
Breakdown of this zone will bring further weakness.
ONGC trade ideas
ONGC Ready For Fresh MoveONGC
Buy - Above 113
Sl 109
Target - 118 121 127
Trading On PRZ/ But the trendline has been broken. But if it has strength to move upside, then has to trade above 113.
ONGCONGC can go long once it breaks the trendline with candlestick pattern formation and volume confirmation.
(for educational purpose only)
ONGC 11th July 2021Trying Elliot wave analysis, expecting constructive comment from the tradingview users.
ONGC - Trend reversalONGC seems to have a reversal bull candle from the bottom of the triangle pattern, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
ONGC - Inverse Head & Shoulders BO + volume expansionONGC is breaking out of the Inverse Head & Shoulders pattern it was forming since February. The price has broken out from the neckline and there is an expansion in the volume. I have made an illustration on the left-hand side, to explain the pattern.
Targets: 128, 137, 140, 146.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
ONGC Buying chance is seen in ONGC as the LMP took support on 42 DMA and also converging channel pattern in form. You can go with strict SL or as per your risk appetite. This trade can give 7-9% return easily..
a hit is getting ready in ONGCa fall is getting ready may give a little raise or it can fall directly from here.
disclaimer : m not a semi advisor . plan ur trade accordingly to ur strategy. this video is for sharing knowledge and educational purpose only..
ONGC resistance turned support retestONGC has retested the support on trendline 2 while moving upwards and respecting trendline 1. This could be an optimal entry with a stoploss at 116. Targets would be 139-152.
Please do your research before taking trade. I am sharing this for educational and awareness purposes.
ONGC Cup & Handle!A reliable pattern formed in the stock with volumes more than average. 144.2 can be seen within days with a SL of 110.85.
ONGC: bearishSell on cmp for the target of 111/105. stock as formed a LL LH sequence , one should look for selling opportunity .
Inverted Head and Shoulder in ONGCBroke Inverted H&S and is consolidating over it.
Expect a further pullback to support and once it breaks 127, it can fly
SL below 118
Target 145
News related can make the market weak
ONGC is ripe as a mangoONGC is forming a triangle, having given a breakout with retest done recently.
Perfect for buying at CMP of 120.
Stoploss can be placed at recent swing low.
PS: These are my personal views and do not in anyway constitute trading / financial advice.
