ONGC POSITIVE TREND ONGC SHOWING GOOD RETEST AND SUPPORT .
OBSERVE STUDY THEN PUT UR MONEY
HAPPY TRADING.
ONGC trade ideas
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
If you find the analysis helpful Do hit the Like button
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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
recomded to buy ongc for short peroidongc shows the great upward movement in last week. we recomded you to buy if from 94 for the target of 120 - 130 for short term peroid for 2-3 months.
Go long on ONGCONGC breaks out of consolidation with high volumes and is poised to go higher in coming days...Buy for handsome gains
Ongc taking support at trendline , Buy at 67I will buy ONGC because :
It has been taking support at the trend line .
So will be looking at buying opportunities.
Entry : 67
Target : 85
Stop loss : 62
ONGC - to hold or not ? please refer the earlier idea
ONGC has generated some nice momentum and quite possible that rally may continue
My setup is - would book 50% at present levels and lets the 50% ride with present levels as SL
details of resistance on charts
Happy Trading
MSK
Revised Post Same Out Look I had posted this chart in the past , explaining the correction is required before it make any new move
Now i am reposting it because people have tendency to forget things they see
Current move i am not convinced its Going to become Trading , So expect a drop to cluster and then bounce
If you are in the trade then put the stop to cost , if you are stopped out then no rush , wait for the price to correct till the expected cluster level or near to it
thane if you see a Bullish Candle on daily with full size Green that is buy set up , buy in Cash and then Look to book at or near the forecast target
if you want to trade F & O in this then God bless you ,
Good luck
ONGC - Cup pattern - Weekly ChartONGC appears to have made a Cup pattern and broken through the resistance on the weekly chart. Target 112; stoploss 84.
ONGCONGC Weekly RSI close above 55 + daily RSI > Weekly RSI + Daily ADX > 25, Momentum may be continuous from here. exit - Close below EMA_34 or Daily RSI close below 45 or Daily ADX close below 25.
ONGC is in a superb breakout territoryONGC has now decisively moved over the trendline that has often offered very stiff resistance.
Go long from here.
Like and follow.
NSE:ONGC
ONGC Bullish RSI DivergenceONGC showing bullish divergence. Buy at that level where smart money is buying.
Buy at current levels with targe 75 and the 84.
