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OIL AND NATURAL GAS CORP.OIL AND NATURAL GAS CORP.OIL AND NATURAL GAS CORP.

OIL AND NATURAL GAS CORP.

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ONGC trade ideas

ONGC: Prepared for a 20% RallyThe chart of ONGC provides delineates critical price thresholds that signify breakout point, along with specific support level that serve as indicators of where buying interest may manifest. Additionally, the chart highlights regions likely to act as resistance point for future price ascension, allowing for informed decisions on entry and exit strategies. Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
NSE:ONGCLong
by NiftyNotions
Channel Breakout with Retest Formation, Targeting Strong UpsideDetails: Asset: Oil and Natural Gas Corporation (ONGC) Breakout Level: 270 Potential Target: 300+ Stop Loss: Below 270 or as per risk management strategy Timeframe: Medium-term Rationale: ONGC is displaying a classic channel breakout with a retest formation, signaling strong bullish potential. Sustaining above the 270 level may trigger a significant upward rally, with the stock poised for robust momentum. Market Analysis: Technical Setup: The breakout from the channel, followed by a retest, indicates a confirmed bullish pattern. If sustained, the stock is likely to see a sharp move upward. Sector Outlook: ONGC, being a leader in energy and oil exploration, benefits from rising crude oil prices and global energy demand. Positive macroeconomic factors further support the stock’s bullish potential. Price Target: Short-term: 300 Further Upside: To be determined based on momentum Risk Management: Place a stop loss just below 270 to safeguard against unexpected downside moves. Timeframe: Expected move to 300 and beyond in the medium term, driven by technical and fundamental catalysts. Risk-Reward Ratio: Attractive, with minimal risk near the breakout level and substantial upside potential. Traders should monitor price action and volume closely for further confirmation and adjust positions based on broader market trends.
NSE:ONGCLong
by CyborgTradingHub
ONGC - Great Price Action Stock to Study!Retracement would be better with that said aggressive entry can also be found in the Daily time frame. I will be posting the same in the follow-up trade soon... - Stay updated for further insights and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:ONGC
by SuperNova396
2
ONGC Near falling wedge pattern 1: 8 Risk reward long setupOil and Gas sector retested the flag pattern breakout. ONGC also had retested breakout given earlier and last daily candle showing rise in volume with positive closing. ONGS also formed falling wedge pattern and we are near breakout of the pattern. I see 1: 8 potential up side trade. *SWING TRADE* Buy ONGC 285 Stop Loss: 279 Target 1 (1:2) 299 Target 2 (1:4) 313 Target 2 (1:6) 325 Target 2 (1:8) 340 _Duration 2-3 months_ Trade as per your risk-taking capacity.
NSE:ONGC
by pramodchoudhari
7