ONGC trade ideas
Breakout from Channel Pattern in ONGC. Go Long in ONGCONGC has given strong breakout from channel Pattern. Volumes of 3X can be seen on the breakout candle.
Do not jump in to trade at CMP. Wait for retest of trend line. As the market is looking weak, re test of trend line is possible.
Enter between 77.8-78.5 range. Target will be 85 and SL will be 75.25
ONGC 1d POSITIONALSTOCH = OVER BOUGHT 80+
@ NEAR RESISTANCE.
CORRECTION IN MARKET ALSO POSSIBLE
SHORTING IS A GOOD IDEA .WITH SL ABOVE THE LINE ON CBSL WITH OPEN TRGT TILL CANDELSTICK REVERSAL. OR WAIT FOR BEST BUY WITH LOWER LINE SL
ONGC is now leaking!ONGC go for short position. Keltner bands acts as resistance and a nice pin bar forms at S/R zone. The fibonacci retracement occurs at 61% and it shows another confirmation that price will go below. Meet you at Target zone.
ONGC REVERSAL - VSA + Volume Profile [Swing Trade]Short ONGC at PoC (Volume Profile) - 69.3
SL - Exit if day's close above 72
ONGC - Break OutAs crude has broken out and following up on my previous idea of ONGC touching 74, ONGC could now move towards 83/84. (200EMA)
Long at current price with SL below 74. (Previous resistance has now become support)
Disc: I have some long positions in the same.
RSI divergence in weekly chart of ONGCAgain very high chance of upmove as per the divergence in RSI.
Guys what do you say??
Break of ResistanceStock might take a bounce from the support and then shoot up.
Buy only on retracement.
Have given good signals on my ............ channel.
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ONGC: Chart set up & viewONGC
CMP 67.5
Observation
- the current low of 64 odd levels is higher than the previous lows
- zone of 68-71 is crucial for ONGC
given the set up, one may consider to buy for target of 78 / 82 / 93 / 102 / 114
exit if stock gives a weekly close below 60
Disclaimer:
- The view expressed here is my personal view
- 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 the fact that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
ONGC at resistanceNSE:ONGC
ONGC is at a resistance that it has tried to breakthrough on 3 occasions but failed.
This time however, the volumes are good on the breakout. It can finally sustain.
Go long.
I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested." NSE:ONGC
ONGC - UpmoveShort term ONGC could go to 74.75 on the backing of rising crude prices and the move upwards in HPCL stock price.
CONVERSION IN ONGC!Here a Conversion in ONGC it shows a sign of long ,65ema work as a resisitence for now but after stock break this resisitence it will work asa a soupport!
This Analysis is for EDUCATIONAL & INTELLIGENCE pourpose,Trade at your own risk
[Buddha] ONGC Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
