ONGC trade ideas
► ADVANCE PATTERN #17: ONGC ◄► ADVANCE PATTERN #17 ◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly ❤ like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and announcement 📣 regarding stock analysis.
▣ Key Highlights:
➟ Time frame Weekly Ⓦ
➟ Horizontal Resistance ≕
➟ Trend line ⍩
➟ W Pattern Ŵ
➟ Flag Pattern 🎌
➟ EMA 400 ↝
➟ Unique Confluence Ⓤ
📌 Levels are:
Entry: ▲ 129
SL: ✘ 115
Target: ➚ 160/180
RR: ☈ 1:2.5
Return: 20%+
Do your own study before Trade!!!
Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✬ Disclaimer ✬
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Going long on "ONGC"1. Formed a base
2. Showing power breaking the channel
3. New breakout of the previous high
Oil and Natural GasCan you see it?
It clearly shows cup and handle.
Wait for a bullish candle at support.
keep a watch on this stock, we could see a massive movement from this position.
Follow for more alerts..
Happy Trading 💪
Disclaimer: This is my personal analysis for educational purpose. I am not sebi registered. Do your analysis before taking a position. I am not responsible of any profit or loss.
ONGC Forming a Cup & Handle pattern.ONGC is having a current market price of @123, which has Broken its Cup & Handle Formation. The Stock is expected to test 150 in near future
ONGC Cup & Handle PatternLogic :
1) Cup & Handle Pattern
2) Resistance Breakout Candle on 03-06-2021
3) Volume above the average of 20 days
4) RSI Crosses 60
5) MACD again Crosses Signal Line
ONGC - Daily Analysis CMP 122.5 Buy @ 119-120 for Target 124ONGC - Daily Analysis CMP 122.5
Buy @ 119-120 for Target 124.5- 126- 128-130 - 132+
SL 118
Try in Cash Fut lot Size is Big 7700
Positonal Buyers can Buy
Target 125-130-135-140-150+
Sl below 110 - Daily Candle closing basis
ONGC Ready For 40% - Multi Year BrekoutHere is the detail analysis of ONGC . Its a buy candidate . Stock is ready for uptrend after the multi year resistance has been taken our. We are just using ripple to enter early.
Buy - Above 124
SL- 110
Target - 138 150 160 175
Duration- 6 months and above
But Swing Traders can take advantage by catching the early targets mentioned.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Also check the below related ideas for other stocks.
ONGC - Long-term investmentThis is purely technical analysis. Enter the trade at your own risk.
Reasons to enter the trade
1. It is almost breaking the multi-year trendline
2. Good volumes supporting the up move.
3. Very close to breaking the 200 EMA.
ONGC bullish movestock broke out and went thru a consolidation phase for couple of hrs. it will try to move bullish from here.
watch the move!!!
ONGC - LongNSE:ONGC ONGC - Analysis - Cup & Handle Pattern
Note: 1st-time analysis - Please consider it only along with your own Research & Analysis - Please consider the risks involved.
Good Luck !!
ONGC gave a cup and handle pattern breakout1) trend is strong bullish
2) major resistance breakout
3)Breakout with heavy volume
4) Cup and handle pattern
short term trade - ONGC there is a weekly breakout in ONGC. plus we can see a resistance breakout in daily and hourly chart. seems bullish for a target of 135
