ONGC trade ideas
ONGC Bullish viewONGC might reach 110 mark shortly.
Please done use this analysis for trading, this is only education purpose.
BUY ONGC - NSE. BREAKOUT OF TRIANGLE NSE:ONGC
ONGC has broken out of ASCENDING TRIANGLE PATTERN.
TARGETS-88/93/102
STOPLOSS-75 for investors WHO CAN LOOK FOR 100+ TARGET
WAIT FOR THE PULL BACK TO ENTER FOR A GOOD RISK REWARD RATIO
PROS -
1.GOOD VOLUME SUPPORT(NOT HUGE)
2.THERE IS AN UNFILLED GAP UPTO 88
3.PRICE BROKEN THE 50 DEMA
CONS -
1.NIFTY at a key resistance level 10000. (market may reverse)
overall TRADE RATING-A(7/10)
ONGC Support and ResistanceBuy ONGC above 86 for a target of 94. ONGC showing bullish move and will face resistance at 94-95.
Disclaimer: These are my views please invest at your own risk.
ONGC - Breakout - Ascending TriangleONGC has given a clean breakout from the ascending triangle pattern. Generally after the breakout , the price tends to retest the breakout level which is around 79-80. Therefore wait for the stock to retest the breakout point and make an entry only around those levels. Trading using this approach would give you a favourable Risk-Reward setup.
Target 1: 88
Target 2: 90
Target 3: 94
Stop Loss : 76
#ONGC @ 78 | 27-May-20 | Daily#ONGC @ 78 | 27-May-20
- Hold if you already have in folio; it is on an uptrend
- Above 82 will have higher levels (a very important point)
Otherwise
- If it goes to 75; needs another review or if it is for short term then keep it SL
#NSE #Nifty #Nifty50 #Sensex #NiftyBank
ONGC Forming descending triangle ONGC Forming descending triangle once the TL broke in either side, we can enter.
[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.
Buy ONGC above 78In a weak market ONGC didn't fell that much and still showing strength, If markets tomorrow flat to positive, We could see nice jump in this stock. Hence, Buy above 78
SL-76
T- 82
RR- 1:2
ONGC LONGONGC has formed a quality demand zone in hourly time frame for a buy when price enters the zone. The unfilled pending orders in the demand zone are expected to trigger. entry buy price 74.95 stop 73.30 target price 78.45.
ONGC LONG DEMAND SUPPLY PRICE ACTIONONGC has formed quality demand zone from where we can go long with precise stop and target. This price action strategy is expected to trigger the buy call only when pric touches th entry price abd the demand zone.This demand is expected to have unfilled buy orders whixh is expected to trigger in the demand zone. THIS IS PURELY FOR EDUCATIONAL PURPOSE.
On the verge of breakoutStock is about to breakout the ascending triangle.It will not go bellow lower support.
ONGC - POISED FOR A GOOD BASEONGC is poised for a good base around this level of 65-70....! Good accumulation area. Below this even upto 50 it is still an addition Zone. Whenever fuel prices takes off from 25 $ upwards, ONGC will start getting back its lost glory. Oil Economy has still some steam left for another 5 years. Do not miss the Dividends.
