ongc what now?bat pattern has been completed and fresh long only above red trendline now . also if stock falls till 50% level , that will be good area to enter the stock againShortby UnknownUnicorn13728868440
Understanding Cup and Handle pattern with ONGC1. Cup and handle pattern was defined by William J. O'Neil in 1988 2. It is considered as a bullish pattern continuation pattern 3. In cup and handle pattern, volume of the security should decrease as price declines and remain lower than the average at the base of the cup 4. The volume should pick up when the price of the security moves higher 5. Target is usually calculated as the price difference between the bottom of the cup and the resistance(depth of the cup) 6. The handle of the cup is usually a consolidation phase that is used to accumulate the stock Let's not forget to thank ONGC for being a perfect example of Cup and handle pattern. Hope you learnt something new. Please post in the comments if you have any queries and give a like if you found the post useful. Happy learning! Regards, SeganEducationby segan_the_learner9
Cup and Handle formation in ONGCONGC is very near to break the neckline of it's cup and handle formation. If it manages to stay above 121 and gives a weekly closing above 121 and also above its trendline. Then a breakout is confirmed. Target 1- 144, target 2 - 175, Target 3 - 208, Target 4- 300 and stop loss - 95Longby VB100111
Breakout in ONGC with good volumeToday the ONGC has shown a breakout in DAY chart with good volumes too so one can go long and expect a good returnLongby iamforgaurav0
Buy ONGCBuy ONGC closing is 111.45 buy above 113.8 with stop loss 110 then target is 120-130+Longby h24r24Updated 1
ONGC - Long1. ONGC has formed a cup and handle pattern in weekly TF 2. There is noticeable increase in volume activity since Dec 2020 3. Volume of green candles are more than the red candles indicating strong demand for the stock Levels are mentioned in the chart To motivate me, like the post and give your support. Thank You! Stay safe. Happy Trading!Longby segan_the_learner118
ONGCONGC:: keep in radar.... C&H under formation and after b/o it can give good R:R... Hit the like button, Do follow my page and inbox me for more details regarding Entry/Target/Sl... by manojprasadd1
ONGC WEEKLY CHARTONGC weekly chart forming cup and handle pattern and also given trendline breakout....looking good above 119Longby suresuccessstocks113
ONGC GOOD BREAKOUT ABOVE 112+Ongc looks good breakout with volume on monday. Stoploss 110 Target 115-118 in 1 week Longby Hp_stocktraderUpdated 444
ONGCONGC is on good support. Trendline also broken on upside which was trading below trendline. Bullish candle formation.Longby akash_sarjeraoUpdated 110
ONGC LOOKS TO BE CONSOLIDATING Lets wait for it to break the trendline. Maintaining neutral position right now.by Kapil-Mittal333
cup and handle chart pattern in ongcIN 5 min time frame ongc formed a cup and handle chart pattern just before the closing of market. Also, the MACD indicator is showing a bullish crossover. Longby deepjain2002Updated 1
ONGC - CMP: 108 Ready yo break consolidation ZoneAccumulation is going on since many days, And It is now ready to break the price range. Stock is moving in a channel and has taken lower trend line support. Increasing in delivery volume also indicated positive movement ahead. RSI also moved from the oversold zone. We can expect price movement till 123 in the near term.Longby Auroma0
ONGE going highLooks like ONGE going high if it breaks the trend line/supportShortby krishna.mummina0
ONGCNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Tradingby SENSITRADE_T0