ONGC trade ideas
ONGC BUYONGC is a PSU from Oil and Gas sector. You can Buy it from its current position with Target of 92.5 and stoploss of 63.5 on closing basis.
This idea is for education purpose only. Kindly consult your financial advisor before investing.
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Out of Gas"This is my trading journal, not a trade recommendation. Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.
DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
ONGC - Crab PatternThe crab pattern is an explosive pattern because once the D point has been developed we should see a quick trend reversal that has the potential to generate big profits.
Price entered the PRZ and surpassed the minimum requirement (76.25) for completion of Crab pattern. Low today (75.95) was also near the ideal level of 75.65/75.70 (1.618 of XA)
Let's see if the reversal occurs from here.
ONGC BEARISH NEAR THE END OF BEGINNING Hello Traders:
Gap May filled This Time mark as rectangle
after 4 times retesting seems support is weak
today one candle seen brokrn the support convincingly ,
Monday if continue level mark with support
stay tuned
mcpriceaction
ONGC will blast soon i was BANNED for violating house rule so i am republishing again without any alteration
Bought @ 80.75
Target @ 89.50
lot size = 3750
LIKE if works & Follow
ONGC - Target 87-90+ & SL with 73.5ONGC is in consolidation mode, breakout is expected very sooner and its good time to accumulate the stocks
ONGC consolidating before breakoutAdd on your watchlist
Breakout above 85 Levels
SL - 77
T1 - 97 T2- 101 T3 - 115
Not a recommendation. Just for educational purpose
Close above 93 will be good to Long position Price making ascending triangle and will break up side in the coming days. Trend line support was the perfect buying opportunity now the second chance will come when price closes above 93 which is the resistance for this pattern.
Expecting the stock to BO of the rangeStock might BO on the upper side of the range as it's being accumulated at these levels.
ONGC go long Hi guys this is Trader Kanishk
ONGC Analysis
Points discussed in the video:
Why to go long
has it taken support
trend line breakout
new support levels
new targets
new stop loss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
ONGC intraday long TRADE IDEA FOR INTRADAY
levels are on the chart,
as its intraday, these levels are for today only,
[Positional] ONGC Triangle Breakout!!ONGC is breaking out of a triangle but we still need confirmation .
So only buy if it closes above 82 with target of 90 100 115
keep strict stop loss below 76 closing basis.
Do more of what works and less of what doesn't.
~ Steve Clark
