Buy ONGC for short term gainMy idea is for educational purpose.
Buy ONGC @103, SL 101, for short term gain of 10-15%.
ONGC trade ideas
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...
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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.
Can ONGC break the barrier ?ONGC is crossing a good weekly TL and S&R zone. Breaking and sustaining this level can see good move in coming days. Keep this one on radar.
BuyBuy abv 122.5 sl 110 target 145-154.
Price is trying to break medain line 4th time. RS and RSI are indicating strong upward momentum.
Disc : It's not an investment advice to buy or sell
ONGC Falling wedge pattern, Buy after breakoutOne can consider to buy this for long term MAX. (1.5 yrs). It is not easy to take out long term targets but one can easily make all time high as their target.
For positional basis initate buy after breakout for a target of 149 - 162 with a SL of 103.
ONGC NEAR CRUCIAL RESISTANCEONGC, A PSU IS TRADING NEAR A CRUCIAL RESISTANCE OF 120 LEVEL, IT CAN REACH LEVELS OF 110 AND 100 IN THE FUTURE.
ongc updateongc almost near the weekly trendline if it breaks it can give a good move gave a good move fromm 95 to 119
[Positional/swing] ONGC LONG...Buy at CMP and add till 100
Short term SL 95
good support at 85
target 117-112
