📈 Exciting Bullish Pattern Alert!
📊 Pattern: Flag and pole breakout
📌 Symbol/Asset: ONGC
🔍 Description:
Moment Stock with breakout
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 15th June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
Can look for shorting Opportunities considering previous fall and rejecting the trendline several times, Wait for 30 mins for 1Hr candle close.
Please do follow and support me for more such trades and checkout my other analysis as well.
Engaged in the exploration and extraction of crude petroleum and natural gas.Largest in this sector. Moving through an upward channel for the last 8 months. Every dip is a buying oppurtunity . Can reach 180 within 3 months time.
With the govt withdrawing windfall tax on crude producers to NIL (atleeast for the next 15 days) this should work in favour of ONGC's stock price.
Long above 168 with stoploss below 160.
Good chart structure
On weekly charts as we can seen in a countinous up move
Target 164/173
Stop loss 154
I am just representing my views.
FOR EDUCATIONAL PURPOSE ONLY.
