ongcBuy from cmp 114.95 to 113.5
easy target 120
Disclaimer : This is my personal analysis for study purpose not intended for trading
ONGC trade ideas
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.
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..
