ONGC trade ideas
ONGC - READY FOR BREAKOUT WITH CUP & HANDLE PATTERNONGC - READY FOR BREAKOUT WITH CUP & HANDLE PATTERN.
Stock has been retraced enough in last 2-3 lyears. Now stock is ready for the breakout
along with the good price action.
ONGC - 50% RETURNS!!!BUY - ONGC
CMP - Rs. 148
Target - 1: Rs. 175
Target - 2: Rs. 192
Target - 3: Rs. 220
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Technicals - 1) Bullish Three Drives Harmonic Pattern.
2) Bullish Symmetrical Triangle nearing a breakout.
3) Price targets set using Fibonacci Retracements.
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ongc - sell on riseSEll > 167.5
sl close above 168.1
easy tg 165.75
tg2 - 164.75
Disclaimer : This is my personal analysis for study purpose not intended for trading.
ONGC - BTST - HEAD & SHOULDERSHead and shoulders pattern formed on ONGC and wait for correct entry always put stoploss
EXCITING BULLISH PATTERN ALERT!📈 Exciting Bullish Pattern Alert!
📊 Pattern: Flag and pole breakout
📌 Symbol/Asset: ONGC
🔍 Description:
Moment Stock with breakout
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
ONGC - Intraday Trade || 15th June, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 15th June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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ONGC 1DTF took support at trendline Oil & natural gas 1day time frame
Took a good support at the trendline and formed a bullish candle
Good opportunity might explode if nifty supports
ONGC 1H TF SHORTCan look for shorting Opportunities considering previous fall and rejecting the trendline several times, Wait for 30 mins for 1Hr candle close.
Please do follow and support me for more such trades and checkout my other analysis as well.
channel breakdown in ongc1. trendline breakdown in ongc as well as channel breakdown.
2. with strict sl one can go short.
ONGC break of channel can give a good short opportunityONGC break of channel can give a good short opportunity...daily chart ..RSI<40..one good candle below the channel can help take decision...
ONGC looks good to break furtherOn the monthly Time Frame, while considering volume, it looks like ONGC could crack further in the coming months
ONGC - Upward Channel movementEngaged in the exploration and extraction of crude petroleum and natural gas.Largest in this sector. Moving through an upward channel for the last 8 months. Every dip is a buying oppurtunity . Can reach 180 within 3 months time.
ONGC - Windfall tax short term withdrawlWith the govt withdrawing windfall tax on crude producers to NIL (atleeast for the next 15 days) this should work in favour of ONGC's stock price.
Long above 168 with stoploss below 160.
Bullish view for intraday ONGC is trading in range and that range is about to break if price break and sustain above that resistance we could see up move in intraday.
VIEW ON ONGCGood chart structure
On weekly charts as we can seen in a countinous up move
Target 164/173
Stop loss 154
I am just representing my views.
FOR EDUCATIONAL PURPOSE ONLY.
Ongc Buy setupiThe stock looks good for target of 168 / 174.
One can look for a medium term target of 204/ 220 as well.
ongc - very tight contractionsentry - cmp
sl - day's low at153.5
very tight range within a strong structure, plus oil & gas stocks and pse stocks are seeing demand in last 2 sessions. good group play as well
