ONGC trade ideas
ONGC - Short term tradeWith crude prices getting firm ONGC could be a key beneficiary..
Long above 108..First target 110.50 where if it crosses above that i'd even be tempted to double down for the next target of 115. SL 2% below purchase price.
After 110.50 is crossed SL can be shifted to cost.
ONGC 15MINNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
(Intraday)Channel Breakout on ONGC
1. Channel Breakout on ONGC.
2. Sell Below: 97.5 Target: 89 Stop Loss: 103
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buy for ongc if price sustains 106.30 on 15 min buy for ongc if price sustains 106.30 on 15 min target for 2% long for mid term with stop loss 99
Buy ONGC for short term gainMy idea is for educational purpose.
Buy ONGC @103, SL 101, for short term gain of 10-15%.
ONGCNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Intraday Strategy for ONGC 5 April 2021For Educational Purpose Only :
Go Long above 105.3 for Targets of 106.25, 107.7
Reasons :
1. On 15 min timeframe chart stock will give a trendline breakout when it crosses 105.3.
2. Stock formed a double bottom pattern (shown in yellow color), which is a bullish pattern, around 0.618 Fibonacci Level
3. On a daily timeframe chart stock formed a Bullish Engulfing pattern.
Note: Here our SL will be the swing low of the breakout candle.
ONGC: broken Trendline support. Once can short at 101 SL 104ONGC: broken Trendline support. Once can short at 101
ONGC right at supportONGC can be bought at this level with SL below 101
A better trade could be selling 100 PE
ONGC took support at 50% Fib levelONGC has taken support at 50% Fib zones and bouncing back to next fib levels.
111.25 is one of the strongest resistance for ONGC if it manages to close above
this level bullishly with volume we may target for 115.5 to 116 levels for short term.
ONGC 3h chat analysisThe 5 can be
completed, assuming
not completed, for entry &
direction confirmation,
need to watch the levels,
and take entry.
