ONGC Cup & Handle PatternLogic :
1) Cup & Handle Pattern
2) Resistance Breakout Candle on 03-06-2021
3) Volume above the average of 20 days
4) RSI Crosses 60
5) MACD again Crosses Signal Line
ONGC trade ideas
ONGC - Daily Analysis CMP 122.5 Buy @ 119-120 for Target 124ONGC - Daily Analysis CMP 122.5
Buy @ 119-120 for Target 124.5- 126- 128-130 - 132+
SL 118
Try in Cash Fut lot Size is Big 7700
Positonal Buyers can Buy
Target 125-130-135-140-150+
Sl below 110 - Daily Candle closing basis
ONGC Ready For 40% - Multi Year BrekoutHere is the detail analysis of ONGC . Its a buy candidate . Stock is ready for uptrend after the multi year resistance has been taken our. We are just using ripple to enter early.
Buy - Above 124
SL- 110
Target - 138 150 160 175
Duration- 6 months and above
But Swing Traders can take advantage by catching the early targets mentioned.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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ONGC - Long-term investmentThis is purely technical analysis. Enter the trade at your own risk.
Reasons to enter the trade
1. It is almost breaking the multi-year trendline
2. Good volumes supporting the up move.
3. Very close to breaking the 200 EMA.
ONGC bullish movestock broke out and went thru a consolidation phase for couple of hrs. it will try to move bullish from here.
watch the move!!!
ONGC - LongNSE:ONGC ONGC - Analysis - Cup & Handle Pattern
Note: 1st-time analysis - Please consider it only along with your own Research & Analysis - Please consider the risks involved.
Good Luck !!
ONGC gave a cup and handle pattern breakout1) trend is strong bullish
2) major resistance breakout
3)Breakout with heavy volume
4) Cup and handle pattern
short term trade - ONGC there is a weekly breakout in ONGC. plus we can see a resistance breakout in daily and hourly chart. seems bullish for a target of 135
ONGC D TF CUP AND HANDLE PATTER BREAKOUT BUY ABOVE 122.75 STOPLOSS 116.60 TARGET 1 138.65 TARGET 2 148 TARGET 3 160.75
ONGCCup and Handle pattern.
CMP: 120
A good upmove expected afte breakout.
Expectation: At least 15%
ONGC is BullishCup and handle pattern is observed on daily chart of ONGC. Confluence of price range and charts can be seen Target- 145
ONGC might have multiple breakoutsONGC could break its previous swing high in shorter term . In longer time frame it is also trying to break the 2018 trend line on which is has been taking resistance . Worth tracking this for June 2020. Lot of resistance on it way forward but crossing 125/130 wud be a healthy sign for ONGC
