ONGC trade ideas
Buy - ONGCIn 5 months, we expect ONGC to rise 15% (approximately) from its current price.
Invest -
Max - 10% of your total capital in 4 chunks.
ONGC ....ONGC ....
1- forming h&s pattern
2 - weak rsi 40 below 40 fast sell will come
3 - avg selling volume
4 - 125 rs will act as a support due to 200 ma
below this price will fall
sell below day low
t1 @
t2 @
ONGC : Target and Stoploss for MondayDear friends, just drawn a trend line for ONGC. The stoploss should be 129.80 and the target should be 134 or above. The Windfall tax has been reduced and you already know that the level of 130 is supporting well. Hence, reducing the cess will impact and it may get a upthrust from this level.
ONGCChart is self explanatory. Levels of breakout, Possible downtrend.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Oil& Natural Gas Corporation Ltd (ONGC)Oil And Natural Gas Corporation Ltd (ONGC) break out level @Day time frame
News : Oil and Natural Gas Corporation Ltd | The company has signed six contracts for Discovered Small Fields (DSF) in the Offshore under DSF-III bid round, with 3 each for fields in the Arabian Sea and Bay of Bengal.
Today watch ongc . Yesterday crossed with high volume and momentum
BUY above 134
Next target 137,141,144
Ongc longCup & handle pattern in ongc with fib support go long if breaks the level and book half at resistance
ONGC - Swing Trade for 33% returnPlease refer chart for detailed explanation and Targets.
Fundamental and Technical Analysis
Increase in volume on weekly chart.
Highest sales and profit so far.
Good dividend history.
Good price to buy is between 120 -130.
Fundamentals are strong so no need to worry even if price goes down.
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You can also check my other analysis where we achieved 15 to 20% return in short term. Link is shared below or else you can visit my profile and check all the Ideas which I have shared.
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Hopefully this helps you out a little bit. Please make your own research before investing.
P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk.
ONGC - Breakout has happenedThe trendline has been broken, its a good time to invest in Ongc..Its a good healthy stock too
Favourable RR OPTIONS in ONGCTechnical Analysis -
1. Falling channel breakout above DZ turned SZ
2. Going from lower range to higher range of rising channel
3. Sustaining above 20EMA & towards 200 EMA
4. OI data supportive - A Short Covering is to be seen after Long Buildup wipe out last 2 days Short Buildup
Go long in ONGC by buying CE -
1. ENTRY / TARGET as per spot chart - 139.2 / 144
2. SL using spot chart - 138
3. RR - 1:4
4. Strike Price - ONGC 25 AUG 140 CALL (or a little OTM as per your risk taking capacity)
Other considerations -
1. Considerably good result (might not be as per expectations)
2. Huge demand still to be seen given the dividend ex-date on 18th Aug'22
3. Avoid this trade if opens Gap Up or Gap Down by 1%
This is for educational purpose for others & not a recommendation. Please do a thorough analysis of your own before entering the trade.
ONGC stoploss updatewe can update our stoploss in ONGC to 127.5
our new risk to reward will be 1:6.5 ....which is very nice
ONGC PSU, Good results and at verge of breakout. ONGC has posted a solid results this Q1 of FY 22-23
Stock has made higher lows and higher high formations.
Successful B/O at 131.6 range of historical resistance after retesting the Point of Confluence which is support of trendline and the B/O resistance turned support.
* Dividend announced of INR 3.25/- per equity share 18th Aug Ex -Div
Once can enter after retesting the trendline keeping SL below the retest area/ the lower candle before B/O or according to your analysis.
Targets can be set according to FIB levels and resistance levels.
One can hold this stock for long term as this is one big player in Oil and Gas Industry with good dividend history.
Please do a thorough analysis before entering the trade, this is not a recommendation / a trade call.
Please let me know your observations / opinions in the comment box below.
Please follow your risk reward appetite and your rules of trading and do not compromise with risks.
ONGCNSE:ONGC
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
short term traders focus : ONGCNSE:ONGC
Let see the price action = trend line going to breakout + good consolidation ,mother candle + 5 insider candle formed once the monther candle breakout happen take a entry....
1 target =153 fix your stop loss as per your R : R .
buy above = 138 level
let tell your opinion in comment section...
buy trade in ongcONGC is consolidating between converging lines , here we have opportunity to buy near the bottom of the range , risk to reward is not very good...it is around 1:2.5 , but there is very high chances of breaking the higher levels....if that happens...we can add our position...since risk to reward is less...we will only take half of the risk..we usually take..
BUY ONGC, RSI DivergenceThe chart is forming a weak lower low which is also visible on RSI. Divergence is also visible. You can buy @ 134 with a confirmation of RSI above 50. Stop Loss of 130.
ONGC IN STRONG SUPPORT. 370 TARGETAs per my view ongc support 113 to 120. if supported strongly i wil go up sidetarget 370.
ONGC - 19th July 2022Stock bouncing off support zones 125 - 120.
Bulls can lead prices higher from here as long as these levels protected.
ONGC - BreakoutTargets and Stop loss are mentioned in the chart itself.
This is my idea, please use your own discretion before using it. I am not SEBI registered.
Thank you,
Purus
ONGC Will it keep our believeNSE: ONGC
If Breaks Then The Targets could be Taken at 142.55
Time Frame :- 1 Hour
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
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ONGC....Breakdown seen on chart....As seen on chart, breakdown is clearly visible....
As we see on RSI, closed below 40 which confirm bearishness....Below 130 will show 108 levels...
Avoid the stock to buy....
