ONGC trade ideas
AT SUPPORT AND PREVIOUS HHIF ongc confirms to take support here ie 82 area could go for buy for a target of 84.2,86.2
Sl 80.6
the area is previous hh from trend
ONGC - Keep on watch list.Study - Pin bar formed at support of trend line. Ready for breakout. Once price crosses the green candle bar it will be a bullish signal. Consolidating near 21 DEMA for a strong move. Closed above 21 DEMA.
PCR - 0.459; PCR vol - bullish
Probability to go higher is more; Need to cross 100 DEMA to gain more momentum.
* This chart is for educational purpose.
Purrrrrrrrrrr ha ha , this one is going to Next Target , but its one of the worst scrip i have ever seen , its too much rigged
One can look for only in Cash small investments , and book near Forecast target , Futures traders its better to stay away form this , other wise i wish you heartily Good luck
ha ha
ONGC - Bearish Setup - Price ActionPrice Action in ONGC is signalling Bearish trend.
Initiate Sell.
Target 1 : 75.50
Target 2 : 72.50
Stop Loss : 86.80
ONGC Short If break 81.50 can see downside till 79,77.5
Stoploss - 83
Disclaimer:- Only for study purposes.
ONGC Long with high R:R.Breakout from Ascending triangle pattern with higher volume. The volume has been contracting throughout the pattern formation and the breakout from the pattern has been confirmed by higher volume. Can be a good, high probability positional trade.
trade setup for 22/06/20We can see the double bottom and we are in Breakout stage, if Breakout occurs we can go for buy at 87 and target must be 93 and above and stoploss will be below 84
ONGC Taking Support... headed northTaken a nice support at the 50 EMA and the earlier resistance zone of 81-81.5. High probability long trade!
ONGC Rising Wedge Pattern | Bears Are Back- ONGC Formed Rising Wedge Pattern.
- Target 0.618 FIB Level for downside.
ONGC- Long - Triangle PatternONGC has formed ascending triangle pattern.
Hence, We can create Long position if the stock move above 90
SL - 75
Target will be 110 and 130 respectively.
Disclaimer: Kindly do your own analysis before executing the trade
#ONGC #TRADE #INVEST #NSE #NIFTY #BANKNIFTY #PETROL #OIL #IOCTargets assigned
LONG TERM HOLDING SUGGESTED
SL 85
ONGC - The Next Portfolio Stock Pick @ 60 Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
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Plan A (Short Term Trading) -
Selling Strictly Below 82-83 Zone for Downside Target - 75/72 / Below 70 for 60 levels
Plan B (Long term Trading) -
Portfolio Stock Pick if holds strictly between 55-60 zone/watch 72-75 zone also as picking zone for targets 200+ / 300 + in months & years ahead.
No Trading if falls below 55 levels ------------------------------The Danger Level-------------------------
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