ONGC trade ideas
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...
ONGC: Breakout trade potential and F&O strategyONGC
CMP 119.55
This is what was mentioned on 11 Aug
It was highlighted that momentum might come above trendline. Today it crossed that trendline.
Looks like the stock has finally given a breakout
Target of 129/ 133 is on
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F&O strategy
One may Consider buying 120 Call option in the range of 2.8 - 3.5 (CMP 3.3)
Target 5.2 / 8
Stop loss as per your risk appetite. Do give importance to Risk Management.
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What I have done to reduce my risk is I have sold 115 Put option currently around 2.6.
If ONGC stays above 115 but below 120 on 30 September my loss in strategy would be 0.7 paisa per strategy lot
(Risk of loss would increase if closing is below 115 on 30 Sept)
If ONGC closes at 120.70 on 30 Sept, strategy would breakeven and
any close above 120.70 on 30 Sept would be my profit.
Take care & safe trading...!!!
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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
SHORT TERM VIEW-ONGCLOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
Opportunity to long in ONGCThis scrip had been trading in channel pattern for a while and now this this scrip had took support at the trend line. The 21EMA is aslo about to cross the 50EMA and it may act as a dynamic support. I expect the bullish momentum to continue for a week so Swing tarders may consider to long this scrip and may hold it for months with SL below the trend line or below the 50EMA. Have your target based on the price action and try to catch with the trend, don't ever try to short this scrip at any moment.
STOCK : GO LONG ON ONGChas an support of 200 EMA
go long on ongc
and a tringle pattern is for forming on daily time frame
do share your views.
ONGC is About to Fly1.Inclined Resistance Breakout.
2.Fibonacci Retracement Support few days back.
But Breakout Volumes are less soooo let HAve a Eye
ONGCNSE:ONGC
1-Price reached the low of trend channel
2- Stock is underperforming both benchmark and sectorial indices
3-Target could be upper trend line
BREAK OUT IN "ONGC"As per analysis on chart patterns, ONGC has given a break-out. We can go short on it after confirmation. NSE:ONGC
BREAKOUT SITUATION IN ONGCStock taking support below and can be seen at a very good fibo level.
If the price opens above the the trendline and takes support of the fibo level then we can look for the buying side for tomorrow.
If it comes around the support level again we can still think to buy
Please do your analysis and if you have any idea please tell me in the comments .
ONGC: Will it bounce back?ONGC
Levels mentioned in the chart
Best regards
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
ONGC--> 8% upside potential in monthsWe can expect minimum return of 8% woith a stoploss of 4-5% in mid term .. duration could be 2-3 months
