ALERT!!! ONGC starving to hit 20% profit???ongc recently break its crucial price level
make your own study before swing trade
stay safe stay invested😄😄😄😄
ONGC trade ideas
ONGC - Descending channel formation at monthly time frameONGC - Descending channel formation at monthly time frame
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
vedl has formed channel patternlook support at lower trendline and formed doji
target upper trendline
ONGC Ltd Long @ Rs. 93 or belowEntry 93
Target 122
SL 85.8
Stock is trading at CMP 93, stock is in uptrand and shown strong movement. Buy and hold for 4-6 weeks.
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
NSE:ONGC
ONGC POSITIVE TREND ONGC SHOWING GOOD RETEST AND SUPPORT .
OBSERVE STUDY THEN PUT UR MONEY
HAPPY TRADING.
Double bottom in ONGCHas given a breakout from a double bottom pattern.
Breakout day had high volumes..confirming the breakout.
One can keep averaging till 95.
Good for swing trade as this script doesn't make fast moves.
Target1: 115
Target 2: 125
SL: 93
ONGC: 2nd Opportunity to Buy...!!!ONGC
Closing Price 90.55
- The stock chart pattern was identified at levels of 67 and we have seen a stupendous rally
- the current correction has brought it back to 38.3% Fibonacci retracement levels which if held can push the stock back to 100+ levels
- a close below 87 levels may take the stock to 80 odd levels
- since December 14th, Open Interest in Futures data was on a decline. However today we witness a 11.56% surge in Open Interest and closing has been above day's average
- the way we see it, charts and data analysis suggest it still has unfinished business and can take the stock higher to at least 114 odd levels.
- at current levels and on further dips, stock provide good risk::reward ratio and one may consider to enter from medium term perspective
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Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Important week for ONGCThose who are learning price action,
put this in watchlist and
watch how price action is working.
(Publishing this for people who are learning price action)
Traders Class Room ( Weekly Out look ) Hello Friends i have made some efforts in Explaining the wave theory and applying it to identify next move the scripts
One can view it completely to understand better ways of Analysis methods
Good luck
Resistance line for ONGCI don't think the stock is going to face a stiff resistance before the indicated trend-line.
Super momentum in the stock.
Continue to be long.
Please like and follow.
NSE:ONGC
LONG ONGC Uptil 130ONGC, The Maharatna with second largest MARKET CAP in PSE, is trading at good valuation. Our strategy for trading it as follows:-
Enter ONGC at CMP: 100
Short term target 112.5 (within 5-8 trading sessions) 12.5%
Long term target 130 (within 2 months)
The SL can be placed at 89.5
