ONGC trade ideas
Breakout in ONGC on weekly chartONGC is about to breakout on weekly chart. It is ready to break it's 7 years trendline. Long opportunities can be seen in ONGC after 128-130.
I have taken a long position on ONGC I have taken a long position on ONGC on 17-9-2021
The reason for taking a long position was a demand zone that was created between 125.38 to 121.10.
It is also trading in a channel, so my target is the upper trend line which also fulfills my 1:2 target.
My entry point: 125.40
My Stop Loss:121.10
My target: 134
I will update once SL or Target gets hits
WARNING: THESE ARE MY PERSONAL VIEWS AND NOT TRADING RECOMMENDATIONS, I AM NOT RESPONSIBLE FOR ANY LOSS TAKEN ON MY VIEWS.
ONGC trading ideaIf the hourly candle closes above 128.5 then there is a chance of 4.5% up move in next 2 to 3 trading days with a stop loss at 124.8
RR is 1:1 so do you own analysis and take the trade.Else the script will be range bound between those two levels for the next 3 trading days
ONGCenter on pull back
113-120 Seems to be a good base to enter...
trading levels marked....
Happy trading..
Buy above and sell below for 3 % scalpinFollow the trend and keep correct stoploss 119 values for an uptrend of 3 % in 4 days if Monday close above 128.2
Blast on the way!!Crossed the previous resistance(120 levels) after a previous breakdown from it.. and retested the resistance now acting as support.
News: gas prices can see a hike of rs75 per cylinder that can increase the revenue of the stock therefore we can see upmove in stock.
ONGC BREAKOUT OF 7 YRS TRENDLINE *For educational purpose only. This isn't a call do your own analysis.
Stock has given Breakout of 7 years trendline resistance. Wait for retest.
Thanks!
#Breakouttrades....
ONGC | Range setupWithin a rising wedge, price, from support has broken out of an internal trendline & is ready to move further up above 124.4. Target will be the limit of the range at 132.5. SL - 117.1
ONGC long position can be madeAs you all can see what the chart is showing, we can make long positions for upcoming trading sessions.
Go with the cahnnel and sl below previous candle. Do your own analysis as well.
ONGC: Long Analysis.ONGC rallied from around 100 levels back in April to about 128 odd levels in June. Since then it has corrected down to 112 and seems to be taking support there. From there it is improving its structure and trying to create higher lows. It has completed a 50% retracement of that rally from 100 to 128, all the while travelling in a downward channel but now it seems to be breaking out of it.
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One could try to go long keeping the following levels in mind. Do initiate the trade only when you observe that the price is sustaining above the "LONG ABOVE" level for some time.
LONG ABOVE: 118.50
STOP LOSS: 114.85
TARGET 1: 122.15
TARGET 2: 125
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Manage risk properly and trade your plan.
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ONGC Weekly Breakout ONGC long weekly Breakout bullish view from current level. Also 44 MA strong support formation.
ONGC Bullish. Target: Rs140NSE:ONGC has taken good support at 50DMA and bounced back.
Target: T1= Rs140/T2= Rs144
Ongc 7 year trendline breakout *For educational purpose only it's not a call do your own analysis. We won't be responsible for Any profit or loss.
Stock is near to give breakout of 7 year trendline keep watching it.
Thanks!
#Breakouttrades...
