ONGC trade ideas
Wave Extensions ( Classic Live Example ) One of the Most interesting part of wave theory is Extensions , where usually you will find extensions either at 1 Impulse wave or 3rd Impulse wave in stocks
but when you find an extension in 5th wave , its very high likely the 5th of 5th wave will get extended
You can visually look the price extending in deep move
One can expect the termination near the forecast level
ONGC - Last supportIf it breaks trendline long term support it will go down to Rs75 in quick time. SL above 91.
ONGC Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
ONGC heading for a possible low of 102Conversion line is below the base line and both are lines and the price are below the cloud. On weekly, daily and hourly basis.
RSI also heading towards lows and MACD has just started its below the line 'red semicircle'
Can see low of 102 in coming days/weeks
ONGC: Bullish Shark 22-JAN-2020
ONGC: Bullish Shark 22-JAN-2020
CMP: 118.70
Entry : 116-119
Targets : 121.4-124.4
Stop loss: 114.2
Chart by : Karthikdeva
ONGCRejected perfectly from its long term double bottom area.
Trading inside a flat channel, entry at the bottom of the structure!
ONGC: Looks bullish at current levelsONGC
Cmp 117.95
At current levels the stock looks good from Buying perspective.
Target for the current setup 133 / 138
Stop loss if closing below 114
Take care & safe investing...!!!
