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OIL AND NATURAL GAS CORP.OIL AND NATURAL GAS CORP.OIL AND NATURAL GAS CORP.

OIL AND NATURAL GAS CORP.

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ONGC trade ideas

ONGC to trade sidewaysHi Traders! Hope you are doing well in markets. My trading strategies might help you to increase returns on investments. My strategy prioritizes safety over exponential profits. This stock being low in value will give profit or loss on high volume trading. So those who pay high brokerages should either trade in higher volumes to cover brokerages out of their profits. Calculate your cost of trades to find out the break even below placing orders. There are a few scenarios and place your order according to the scenario that you observe in market tomorrow. Current close: 82.40, ---------------------------------------------------------------------Intraday Traders-------------------------------------------------------------------------------------------- Scenario 1:- Market opens between 81.70 and 82.40. Strategy: Trade only after first 5 minutes. Short Selling If price breaches 81.70 then wait for a fall and sell @81.45, Target 80.35-78.75, SL@ 82.20 Buy/Positions If price touches 81.70 and pulls up back then buy @82.00, Target 83.20-84.60, SL@ 81.70 Scenario 2:- Market opens at or below 81.70. Strategy: Follow Short Selling strategy (Case 1) of Scenario 1. Scenario 3:- Market opens at or above 82.40 but below 82.90 Strategy: Buy @82.40-82.75, Target of 84.60, SL@ 81.70. If price struggles to cross 83.50 by 1p.m then sqaure off your positions at 83.35-40-45-50. ---------------------------------------------------------------------Intraday Traders-------------------------------------------------------------------------------------------- For positional traders, The ONGC is expected to trade sideays for a few days. Folowing is your entry point and short term targets for this stock. Scenario 1: Trigger Price: 80, Buy Price: 80.40, Target: 82.40, - 84.60, - 86.10, - 92.25, Highest Target duration: end of next week. Scenario 2: Stock doesn't correct: Buy Price@ 82.00-83.00, SL 81.55, Target: 84.60, - 86.10, - 92.25, Highest Target duration: end of next week.
NSE:ONGC
by shikhagupta2589
ONGC: Chart set up & strategyONGC Closing Price 85.75 - Any dips towards 83.5 - 81.50, the stock looks good from a medium term perspective. - Momentum might be seen once is pushes past the yellow trend line - Target for the set up - 103 / 115 / 133 ________________________________________________________________ Alternatively one may consider selling ONGC 30 July 2020 expiry 80 Put Option around 3.5 - 4.2 Lot size 7700 ( Lot size has increased from July series) Maximum profit potential Rs 26950 / Rs 32340/ - per lot Yield potential 8.5% - 10.3% till 30 July 2020 In built loss protection for a fall in price up to 76.5 / 75.80 till 30 July 2020 Take care & safe trading...!!! Discliamer: - The view expressed here is my personal view - 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 - F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be Take care & safe trading...!!!
NSE:ONGCLong
by indiamarketoutlook
4
ONGC Doji - Price Action between Fib Retracement LevelsONGC has set up a value area last week between the 0.786 and 0.618 Fib Retracement levels with a value price of 84. The stock made a doji inside the lower part of the value area on Friday which was in line with overall NIFTY movement. Positional Ideas: Go Long above 84 for 86 Short below 80.5 for 78, 77, 76 Scalp between 81 and 84 levels Don't take positional trades In-case of gap openings. Check the price trend and NIFTY trend - follow ORB
NSE:ONGC
by raj_rishav
OIL & NATURAL GAS - INSIDE BAR PATTERN!OIL & NATURAL GAS #ONGC is moving in a narrow range & has been trading in an INSIDE BAR PATTERN from 2 days. RSI is moving sideways near 50-level. TT2 Daily and 30Mins trends are Bearish. As per Inside Bar Pattern Rules: If the prices break 84.15 with volume & conviction, the next resistance is 85.90/86.65. The Support is 82.45 or the Inside bar low of 81.10. If the prices break the candle low of 81.10 with volume and conviction, the next support is 79.50/78.30 on 30mins chart. The resistance is 82.45 or 84.15. KEEP AN EYE!! ***in case of GAP opening, the given levels become invalid. ***this is my personal view. Please take advice from your financial advisor before investing.
NSE:ONGC
by Garey_Singh