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OIL AND NATURAL GAS CORPORATIOOIL AND NATURAL GAS CORPORATIOOIL AND NATURAL GAS CORPORATIO

OIL AND NATURAL GAS CORPORATIO

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ONGC trade ideas

ONGC: Chart set up & strategyONGC Closing Price 85.75 - Any dips towards 83.5 - 81.50, the stock looks good from a medium term perspective. - Momentum might be seen once is pushes past the yellow trend line - Target for the set up - 103 / 115 / 133 ________________________________________________________________ Alternatively one may consider selling ONGC 30 July 2020 expiry 80 Put Option around 3.5 - 4.2 Lot size 7700 ( Lot size has increased from July series) Maximum profit potential Rs 26950 / Rs 32340/ - per lot Yield potential 8.5% - 10.3% till 30 July 2020 In built loss protection for a fall in price up to 76.5 / 75.80 till 30 July 2020 Take care & safe trading...!!! Discliamer: - 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 - F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be Take care & safe trading...!!!
NSE:ONGCLong
by indiamarketoutlook
4
ONGC Doji - Price Action between Fib Retracement LevelsONGC has set up a value area last week between the 0.786 and 0.618 Fib Retracement levels with a value price of 84. The stock made a doji inside the lower part of the value area on Friday which was in line with overall NIFTY movement. Positional Ideas: Go Long above 84 for 86 Short below 80.5 for 78, 77, 76 Scalp between 81 and 84 levels Don't take positional trades In-case of gap openings. Check the price trend and NIFTY trend - follow ORB
NSE:ONGC
by raj_rishav
OIL & NATURAL GAS - INSIDE BAR PATTERN!OIL & NATURAL GAS #ONGC is moving in a narrow range & has been trading in an INSIDE BAR PATTERN from 2 days. RSI is moving sideways near 50-level. TT2 Daily and 30Mins trends are Bearish. As per Inside Bar Pattern Rules: If the prices break 84.15 with volume & conviction, the next resistance is 85.90/86.65. The Support is 82.45 or the Inside bar low of 81.10. If the prices break the candle low of 81.10 with volume and conviction, the next support is 79.50/78.30 on 30mins chart. The resistance is 82.45 or 84.15. KEEP AN EYE!! ***in case of GAP opening, the given levels become invalid. ***this is my personal view. Please take advice from your financial advisor before investing.
NSE:ONGC
by Garey_Singh