ONGC Head and shoulder pattern Multi-year breakout BO date 6 Feb Target 332 CMP 273 SL 240 For educational purposes only Trade based on your research
The stock reached ATH of 314.55 on 9th June 2014. It then fell by almost 84% to reach 50 on 13th Mar 2020. It took support at the lower trend line to reach high of 194.95 on 8th Mar 2022. It faced a correction of almost 38% reaching a 52W low of 119.85. on 6th July 2022. Recently, it took support from lower end of the channel rising nearly 33.62% in 9 months....
stock make bearish price action on 15 min time frame making lower high create support at 246 but third bounce in weak make lower high price action say stock is bearish possibility is both side if break down side i will go half quantity in upper side will go full quantity NOTE: only for educational purpose RULE: 1: always trade with stoploss 2: decide your risk...
Its making a Head and shoulder pattern , Resistance at 181 and 195 It would be interesting to see this script in coming days and once it crosses 181 and 195.
keep trailing once gains 0.5%
ONGC reversal range breakout May touch all time high Target : 300
#ONGC CMP : ₹-223.4 Date : 12-01-2024 ONGC - Technically looking good. Chart is self explanatory. Multiple breakouts identified in the charts. Almost 5 year old resistance trend line breakout and retesting identified along with a cup and handle and upward parallel channel breakout. Now the stock is at its 52 week high with significant volumes. Upward trend is...
If you see the relative strength of ONGC, it was positive on monthly charts back in 2015. After many ups and downs, it's back in November 2023! This might be an upside trend indication. One more indication comes from a reverse head and shoulder pattern that can be seen on the chart, adding to the upside indication.
1. Multi year breakout with good volume accumulation at the bottom of the pattern. 2. The stock also gave an ascending triangle pattern breakout before giving a multi year breakout.
ONGC Poised for a breakout out of Inverted H&S ? Excellent Volume boost after bottoming out at the Inverted Head. Supporting volumes of a comparable scale are not found corresponding to the Right Shoulder. Hoping for a breakout above the neckline with above average volumes….Tracking!! school.stockcharts.com
Inverted Head & Shoulders in Progress Entry - 164 T1-193 T2-226 T3-273 SL 149
Buy around 204.2 sl close below 201 easy tg - 210 tg2 - 215 Not suggested Disclaimer : This is my personal analysis for study purpose not intended for trading.
Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Head & Shoulder 📌 Symbol/Asset: ONGC 🔍 Description: Stock has given a breakout of the Head & Shoulder pattern. We can see further upside of 200-300% on months to come !! Huge upside with momentum possible. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
ongc looks 5- star setup for bulls, if breaks out and opens a gap up with a strong start, it might deliver too good returns for the bulls
Buy abv 142 , if candle close in weekly Target - 168 , 185.
ONGC BULLISH MOVE Ongc running in a progressive channel since Sep 22. When price touched lower level of the channel it gave bounce of 13-25%. Will ONGC repeat it again ?? Buy ONGC At Cmp 156.9 SL - 146 ( Weekly Closing Basis ) Target - 180/190