ONGC trade ideas
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.
DOWNTRENDA small yet diminishing CUP formation on this chart, indicating a down trend.
The following are the points of entry and exit.
SELL below 67.00,SL68,TARGET-66/65--
or
BUY above 69.55, SL67.75,TARGET-70/71++
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.
ONGC Bearish: will it goes with trend ?Weekly and monthly charts clearly shows a down trend with lower highs and lower lows, as far as 45 min charts are concerned clearly depicts a smaller green candles and upper wick rejections which confirm a bearish view.
Along with this as oil barrel price increased a short position can give u an opportunity to ooo profit..
long on ongcjust planning to entry ONGC....
entry point == 78.00
exit point == 86.00
stop loss == 74.00
Trade ONGC with 70 CALL optionRisk taker can trade ONGC 70 CALL option arounf 5 to 5.5 with stop loss of 4 for target of 7 to 8rs.
Hanging Man Candle Stock Pattern Developed in ONGC Daily ChartBuy Only when it breaks and closes above 71.10 on 5 min time frame SL 69.80 Targets 72.40/73.80/75.20
Sell Only when it breaks and closes below 69.80 on 5 min time frame sl 71.10 Targets 68.50/67.20/65.80
This call is only for educational purpose. Consult your financial adviser before taking any positions.
