ONGC trade ideas
ONGC Falling wedge pattern, Buy after breakoutOne can consider to buy this for long term MAX. (1.5 yrs). It is not easy to take out long term targets but one can easily make all time high as their target.
For positional basis initate buy after breakout for a target of 149 - 162 with a SL of 103.
ONGC NEAR CRUCIAL RESISTANCEONGC, A PSU IS TRADING NEAR A CRUCIAL RESISTANCE OF 120 LEVEL, IT CAN REACH LEVELS OF 110 AND 100 IN THE FUTURE.
ongc updateongc almost near the weekly trendline if it breaks it can give a good move gave a good move fromm 95 to 119
[Positional/swing] ONGC LONG...Buy at CMP and add till 100
Short term SL 95
good support at 85
target 117-112
ONGC - Swing Trade SetupBest buy opportunity for ONGC as it is retesting the breakout from the last HH and possible reversal as the stock is in an uptrend.
Wait for a confirmation candle before entering the trade with possible targets 115 & 119.
Note: For educational purposes only!
Target 150 | CUP & HANDLE | FLAG & POLE | DOUBLE BOTTOMThe brokerage values ONGC NSE -0.45 % at 4x FY23E EV/EBITDA to arrive at Rs130 TP, assuming USD2.3/2.7 APM prices for FY22/23. Under a blue sky scenario - USD60/bbl Brent, USD3.5/mmbtu gas price and KG-DWN-98/2 ramp up, FV comes above Rs170/sh.
LONG ONGC ONGC IS FORMING A GOOD BULLISH SET UP FOR LONG WITH THE SL OF 96 DCB
TODAYS CLOSING ABOVE 99 WILL TRIGGER BULLS
ONGC - Short term trading ideasRejections at 1,3 and 5 from the long term trendline. Made a lower high at 5.
Short below 95
Target 1 - 88
Target 2 - 82
Stop loss - 100
Go long above 108
Target 1 - 115
Target 2 - 122
Stop loss - 103
Note: My view is only for educational purpose. Kindly like and provide your support. Thank you!
ONGC - Double Bottom - LongONGC has been formed a Double Bottom at 87.
The Script has the neckline at 107.75
if the script breaks in the daily time frame of 107.80. we can go for long.
Target - 130.40
SL - 96.50
Risk to Reward: 1:2
Disclaimer: Kindly do your own analysis before executing the trade. I am not a SEBI Registered Analyst.
ONGC is all set to go down from these levels.Check the levels marked in the chart for a perfect entry, ask if you have any doubts in comments.
