In ONGC it looks a descending triangle pattern formed in four hour chart and the RSI also moving sharply to downside. INTRADAY sell ONGC at 182.5 target 180.5 sl 184.4 (INTRADAY calls depend on the market volatility. Analyse before follow the calls. This trade is valid for May 18th 2017 only.
Its very suspicious Price action , as Institutional and Hedge Funds will wait till the Price makes to an area of Previous Price action of demand or Support , and they do not Jump on the Guns , they tend to buy very slowly and put the price action in consolidation for some period until they accumulate sufficient stocks in Whole sale price then they will move...
Missed this one . Will not add at this level ..Will wait for 188 level to touch..
Expecting down trend based on KST graph and volume levels
ONGC, fundamentally strong company.. CMP: 192.4 RSI :55 It has made a channel breakout in the daily chart pattern.. It might go upto 200+ target 1 : 195 target 2 : 200 target 3 : 203+ Apparently, Risk Reward ratio is also suitable.... Note: Do your own study before making any positions... Please Like, Follow and comment your views below .... :)
ONGC is forming a two year long bullish Cup & Handle pattern with neckline at 208. Cup is already formed and Handle formation underway. Wait for a decisive breakout above 210 for entry with target of 340.
ONGC: Down Trendline Broken - Trend Changed , Bullish Wedge (Falling Wedge), Bullish Wedge with Bullish Breakout Positive DIVERGENCE in RSI, W%R, OBV, Stoch, CCI & other indicators. Div. Type Start Date Close Indicator Value End Date Close Indicator Value RSI Positive 20/04/2017 179.1 28.41 27/04/2017 179.1 ...
Long Trend breakout on ONGC and long initiate at 187 and 3 resistance in between the main target. Resistance at 188 / 189.50 / 192 and the final target at 195.
ongc bounced back from 200 dma which was also the level of 50% fibonacci retracement level from 179-180. Now it is above 20dma. It also crossed above 50 dma with crossing above downward channel
Reason 1: We can short ONGC around 190 zone since we have a breakout this could mean that wave 3 has ended and wave 4 is about to start. Reason 2: Wave 4 is exactly 38.2% Fib level away wave 3. Please post your comments and let me know what you think
IF ONGC has completed a flat for Primary 2 . Just Imagine where primary 3 will end. Right now we need to correct as a 5 wave move is over 2 160 around .
Buy above 189, Targets 208-211 / Higher , Stoploss just below 176
ONGC has formed a rounding bottom with a flag. Notice the hidden divergence. Seems to be a good medium term buy.
There is an inside candle formed on 21st April 2017. I see sell at CMP of 179 with SL of target of 182.40. Target will be :- Level 1 176 level 2 172.50