Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? April 2024 Stock reached close to 300 & completed all its target as expected in 2020 . Time to be careful ? Why ? Close...
Details: Asset: Oil and Natural Gas Corporation (ONGC) Breakout Level: Above 300 Confirmation: Channel breakout with increasing volume Targets: 320 and 340 Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: ONGC has broken out above the upper boundary of its trading channel at the 300 level. This breakout is...
ongc chart on monthly time frame near its all time high, and showing a good strength so can buy on dip scenerio
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading...
Emerges strong amidst falling day VCP pattern on weekly On daily charts breaking out of range after minor shakeout Strong relative performance on both weekly and daily charts CMF also giving trendline breakout Tgt can be 1R with 265 as SL
Support- 265 If it breaks than bearish trade possible. Trade accordingly.
Stock is progressing well on intermediate wave three of first primary of third cycle. Currently it is in minute wave (iii) of minor 5, which is targeted at 211 with confluence of targets of both. Target for intermediate wave 3 is 245 (towards first target of cycle wave at 270). It has also successfully broken out of larger TF supply zone with 4 daily TF candles...
parallel channel in ONGC this is going to be very good once we have monthly closing above 178
ONGC is near all time high and yesterday there was huge volume in an overall selling in the markets. This can breakout and give huge returns in the coming days. Maintain strict stop loss as shown in chart as there is no guarantee in the markets.
The stock has formed an inverse head and shoulder and moreover if we look at a broader picture the stock has formed a cup and handle and inside it and inverse head and shoulder has been formed
ONGC - Price closed above the trendline. Price is trying to reach ATH. 300 - 295 levels may see profit booking. Accumulate till 261 will become buy average of 270. Keeping 257 SL and immediate target of 295 - 300 gives 1:2 setup. If price doesn't come down for accumulation or if SL hits then get out of the trade do not stick to it. Keep an eye on OILINDIA...
ONGC (1D TF) - Swing Trade Analysis given on 5th March, 2024 Pattern: ASCENDING TRIANGLE - Volume buildup at Resistance - Done ✓ - Resistance Breakout - In Progress - Demand Zone Retest & Consolidation - In Progress #ONGC
Date : 03-03-2024 Buy ONGC above 278 Target of 317-355-405-507 SL 201 Strategy : SBO + RSI > 60 + EMA above 20 & 50 Duration few weeks to months Please consult your financial advisor before investing All research for educational purposes only. Stock is ready to cross past barriers with good volumes
ONGC GRADES LOOKS GOOD Code ONGC ATH 314 CMP 272 52WH 281 % Diff ATH 13% Diff -13% % Diff 52WH 3% EPS 33 PE 8 Consolidation Year 9.7 cons. Date 1-Jun-2014 Roce / Roe*1.5 14 PROFIT X (TTM Net Profit / Start Consolidation Net Profit) 1.9 ATH PROFIT 8 ATH SALES 6 ATH QUARTER PROFIT ? 1 PE(M) 1 year or PBR 2 ATH Price 8 pe<eps 4 ROCE,ROE 0 Consolidation 6 ATH Profit...
The stock has been in consolidation since quite long and has been making series of patterns the major one is rounding bottom it is expected to touch 305 levels soon followed by a breakout after the breakout the stock can rally till the 542 levels
Monthly chart of the stock, there is strong possibility that stock can touch its previous high in the comin week, so 280 CE available at Rs 5 can give good returns, or can be look into cash for short term level 310 and 350, 400, 450 levels.
📈 Stock Name - Oil & Natural Gas Corporation Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 280. 🚨 Disclaimer: This is not a Buy or...