ONGC has been continued to uptrend it has retested the fibo 23% level multiple times but unable to trend reversal. It is technically looking strong enough to continue up trend, we may see further upside movement up to the target of 293 as first target and wait for breakout if it breaks then go further long. alternatively if it breaks 271 downside then it will head...
After non stop rally of Rs.70 price started falling down and tested support area ( 247-252 ). Now its look like a war between two strong support and resistance Fib cluster zones. As per market condition price may come down to retest support area again and if stock manage to hold this level then stock may break that resistance.
Can we get a bounce on ONGC. I will buy it with SL as today's low on closing basis. Target 1- 277 Target 2- 286
The stock has been moving up steadily and undertone looks bullish. Price has cleared resistance and the supports are holding: a classic sign of uptrend. Am expecting a rally to 298.8.
OMGC approaching a target of 270.00 to its trend support, trader may go short till 270.00, if it breaks 270.00 level then it may go to next target 242.84 which is seems strong support. alternatively if it bounce back touching 270.00 it will further go upward with a target of 295.00
OMGC approaching a target of 270.00 to its trend support, trader may go short till 270.00, if it breaks 270.00 level then it may go to next target 242.84 which is seems strong support. alternatively if it bounce back touching 270.00 it will further go upward with a target of 295.00
The stock on the daily chart has been following the channel (purple) almost perfectly and has now broken it completely and it might act as a support for the next big move up. The trendline was broken on the upside earlier on 04/10 but the stock corrected and came back within the shaded area on the next day, though it did not hit bottom and the downside stopped at...
Buy ONGC When price comes to the buying zone on chart. Its creating higher high and higher low on hourly chart, hence trend is strong. Target 1- 284
Price is in a strong uptrend in the daily chart. The immediate support is highlighted in the 15-min chart. Will the slide halt at this support? Your Guess is as good as mine. Let price play its card first, we can always react based on that. No Guess Work.
It is been observed that the price action on daily chart formed two channels. Firstly a downward trending channel and secondly the upward moving channel. Indicating price change movement and change in control of dominance over price actions. Channels are powerful tools when it comes to finding trend. Therefor I would highly recommend to beginners to practise it...
ONGC Bullish Flag witnessed I thought it will be open with break out level by tomorrow. Go long with SL of 243
ONGC once penetrates 243-244 mark- Likely it will travel in the zone of 252-254 -Hitting the box the resistance from the top end channel. Once it hits the box & we see it is unable to penetrate on upside & facing resistance- we shall look for selling opportunities in later sessions. Trading Strategy - Likely going above 243-244 -ONGC could head for upside...