ONGC is trading in range and that range is about to break if price break and sustain above that resistance we could see up move in intraday.
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.
The stock looks good for target of 168 / 174. One can look for a medium term target of 204/ 220 as well.
Everything is clearly mentioned in chart. 24 MAR 23 For Learning Purpose.
entry - cmp sl - day's low at153.5 very tight range within a strong structure, plus oil & gas stocks and pse stocks are seeing demand in last 2 sessions. good group play as well
ONGC Observations - we are looking at daily candlestick chart pattern - In Jan 2023 stock faced resistance around 151-152 odd levels - mid Feb we see a breakout - currently the stock is holding on above 151 odd levels set up opens up doors for upside up to 166-168 odd levels SL If stock is closing below 150 on daily charts I have gone with a trading...
We have seen proper breakout in ONGC, Indicator and price action shows a positive momentum in coming time. MACD crossover, Huge Volume, Above 200 EMA as per technical analysis we can see price appreciation in this ticker, which can lead ONGC towards 166+, in short term. So if anyone wants to go long in this ticker wait for best level, which will be 150-152,...
Key Points: - On daily chart strong Bullish breakout momentum seen with potential of 15% rise from retracement price of Rs. 153 - Resistance breakout @ 153 - RSI > 70 - Tech showing buy signals - Price is above 20,50,200 EMA - Volume is above VMA Bhav is “ Bhagwan ” Disclaimer : I am not a SEBI registered Analyst. Please do your own Analysis before taking any...
Good volume seen in this stock, ready for BO, watch chart for support and resistance levels and buying zone.
#ONGC closing 146.70 with the stoploss of 140 then targets are 152-160+. Buying Reason. 1 -> Price again retrace at the lower Trendline. 2 -> Again the test the 200 EMA. 3 -> RSI is cross the 50. 4 -> ADX is also Move in Bullish. 5 -> Volume is also positive.
Swing trading ideas lets, watchout for this stock and see how this trade works out taking support multiple times, Buy after breakout of resistance line, weekly support
ONGC gives a breakout after so many days somehow managed to break a strong falling resistance trendline and gives a strong close above on it so we can say it is a strong breakout on daily chart it is followed by good on volume indicator and giving positive score on MACD indicator too. Cause of long-: 1- Falling resistance trendline breakout. 2- Good...
The stock ONGC has been trading with a higher high and higher low price formation. Today, the stock broke out from a this horizontal line on above average volume. Upward Momentem possible Comment All your Views
Price is forming an equilateral triangle pattern. It started in January and is yet to give a breakout on either side.
In 4HR time frame Resistance level -150 support level-144/146 NSE:ONGC It has formed bearish flag - once it fall down from the channel then its target is- 140 And if it sustain in channel then Target - 158/167++ For more stock analysis comment and follow
THAT is only for today comment me for any stocks analysis comment it