ONGC trade ideas
Flag Pattern Break Out in ONGCDate : 9-Jan-2022
LTP : Rs. 157.05
Target: Rs. 175-->185-->200
ONGC has created a flag pattern in its current secondary trend and recently break out from the same with higher volume. It's 7D EMA has crossed over 13D and 26D EMA. MACD and RSI has crossed over to buy zone, indicating the up move from here.
ONGC buy call short termEverything is explained in chart
In few trading sessions expected to reach 172 if it cross 162.30 with good volume.
Buy at 160 TGT 163 and 166 SL 156Suggestions are based on my analysis only. Please do your analysis before taking any trade.
ONGC going to shoot up1.ONGC has formed 2 supports at the bottom
2.Multiple resistance at top Since Dec 2016
3.Downward triangle pattern has been formed all these years, which has been broken out today with huge volume
Disclaimer : Just for education Purpose.
Caution before get in to trading.
Thanks Happy Trading :)
ongc bullishbounced from 150sma, upward channel , upmove with good volume
low debt, price is lower then 1.5 times the book value
for education purposes only
ONGC - Short term Supply Zone - SELL entry ONGC short term sell with 2:1 RRR
**Please trade at your own risk
Long ONGC...High Probability setupONGC
Cmp - 142
Stop - Nil, Add on relevant dips
Expectation -
T1 - 150
T2 - 160, Review at 160
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
Disclaimer:-
Not a SEBI registered advisor
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
ONGC Pole & Flag BreakoutAll trade ideas provided are the opinions of the publisher and should not in any way be considered as financial advice. Please do your own research and consult your advisor before investing in stock markets.
ONGC Descending Channel BREAKOUT - Bullish | Target 190NSE:ONGC has given a amazing breakout from Descending Channel Pattern at the level of 145.
A amazing Swing trading opportunity can be grabbed from here. Go through the details mentioned on the chart.
SETUP
Entry - 145 - 148
SL - 135
TARGET - 162, 170, 190
Enter 50% QTY now and Rest can be added at Retest of the support
REASONS OF THIS TRADE
1. Fundamentally Strong Company
2. Price is above 1200, 100, 50 & 20 Days EMA
3. RSI is also at good level of 54
4. Channel pattern Breakout.
5. Retest From Support can give amazing Return
6. Attractive Risk reward Ratio 1 : 2.5
THANK YOU
BY - @akshaybatra020
ONGC LONG above 144.50 else back to 130OnGC looks good if able to break above then may go further , volume is low , but looking at index , it can break this time else 130 again .
ONGC: Chart set up and important levels to plan your tradeONGC
Observations
- stock is currently in short term downtrend
- stock trading below it's 20 day and 50 day EMA currently around 141 and 144 respectively
- 200 day EMA currently around 129
128 acted as resistance previously and could possibly act as Support now
- Blue Trendline support also comes around 130 odd levels
- So we see multiple support levels around 128 - 130 odd levels
Momentum might come on sustaining above 144-148 zone.
Medium term target 158 and on a slightly longer term horizon the stock may attempt 185 / 220 odd levels
There you go. Important levels has been given. Trust this would help you in planning your trade.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Swing in ONGCHey Guys,
SL range 3-4%
Target range 7-8%
risk reward is favorable...
Additional confluence It took support from the trendline..
NSE:ONGC
ONGC [Weekly]Will continue falling until it meets the mentioned support levels. Can fall further if the overall market keeps dipping!
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Keep in mind that if the overall market dips, most stocks will also go skinny dipping.
Happy Trading!
ONGC Taking support Beautifully; Time for Long TradeONGC is again in Buying range after forming a Beautiful Triangle pattern after forming a Bull Channel Pattern. Buy at 145-148 at Strict Stoploss at 139 Targets are 170 and 178 Respectively .
Simple Trade Setup | ONGC | 09-12-2021 [ INTRADAY]NSE:ONGC
Observations:
1) On 1Day time frame, we can see that it faced resistance from 21DMA and it is between 10DMA and 21DMA.
10DMA is placed at 145.82 and 21DMA is placed at 150.19 level.
Breakout on either side will give good move.
Please refer below chart : 1 day Time Frame.
2) Also on 1Day time frame, we can see that it is trading in flag of "bullish flag and pole" pattern.
If it gives sustainable breakout of this pattern then we can see a good bullish upmove.
Please refer below chart : 1 day Time Frame.
3) Also on 1Day time frame, we can see that it is forming Rounding bottom or Cup and handle pattern.
Immediate breakout level is at 150 and major breakout level is at 160 level.
Immediate support is seen at 140 level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 09-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
#ONGCBottom confirmed
BO12 formed
Support at IZ where ICMC was formed
Change in sentiment observed
Move towards 153 after 146.55 is crossed
ONGC - Falling ChannelWhy this Trade..??
1. FALLING CHANNEL
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
ONGC Can fly after taking support in descending channel patternONGC is continuously making a descending channel pattern from 173. After breaking the 20 and 50 days EMA now it is about to touch 100 days EMA and this could work as a strong support for ONGC as there are both supports available at 138 . 1st is Descending channel pattern's trend line and 100 Days EMA also running around 138. You can take entry in it according to provided details on charts.
you can hold this scrip for medium term target of 172 if it cross the level of 153 with good volume and retest.
