ongc - very tight contractionsentry - 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 trade ideas
ONGC: Chart set up and trading strategy
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 strategy which gives me complete protection below 152.
Focus on your Risk Management and plan your trade accordingly.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Clear Breakout seen in ONGC Swing trade idea short termWe 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, because after breakout price can come to retest the level. We will definitely get given level in one or two days, if we do not got these levels better to avoid trade as risk and reward will not be favorable for this stock in short term, yeah but if anyone wants to go long for mid term to long term then definitely can go from current level as well, and buy if you get some dip in it. again this was requested by one of my follower.
Please guy's if you like my work please like, follow and comment.
Thankyou.
ONGC - Bullish BreakoutKey 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 trade/investment.
The above view is just for educational purpose only.
ONGC--BUY~All the information given in the chart is for the educational purpose only.
~Do your own analysis before investing.
#ONGCGood volume seen in this stock, ready for BO, watch chart for support and resistance levels and buying zone.
ONGC Bullish#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.
ongc 30th jan 2023 swing trade 2 HOUR 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 DAILY BREAKOUT 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 Volumes.
3- Macd positive score and divergence.
Oil and Gas in focus ONGC 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
ONGC in a triangle patternPrice is forming an equilateral triangle pattern. It started in January and is yet to give a breakout on either side.
Bearish FlagIn 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
ONGC analysis ONGC is forming a rising channel pattern and is near a fib. Crucial level and a resistance zone of 154.40.
Note :- Not a financial advise
ONGC: Channel trade potentialONGC
- This is a follow up on my previous idea when stock was trading at 140 odd levels
Chart set up
- The stock seems to have given a fresh breakout on hourly charts from yellow channel channel
- 21 hour EMA and 63 hour EMA around 148 / 146 respectively
Target potential for the stock 156-158.50
Use the 21 hour or 63 hour EMA as important Support level to watch out for
Risk Profile
The set up provides a risk::reward ratio of 1::3
Trust the idea helps in planning your trade.
Take care & safe trading..!!!
To trade with me, hit the Like button and Follow
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
ONGC Buying In 1 HourONGC is in 1 Hour in timeframe create the Cup & Handle pattern and breakout and one more reason to buy RSI is above 60.
Will history repeat in ONGC? Co relation between crude and ONGC, will history repeat again? #Positional view #Expanding Wedge
ONGC analysisIn this chart I've shown The white lines as support and resistance. once there is a breakout on either side The red and green lines are the targets on each side.
But the MACD has both EMA lines going upwards so The trend is probably going to be in bullish side.
Analysis Dated on 30/12/2022
So,
the BULLISH trade would be:
Buy: 151 (if clear breakout)
Target-1: 157
Target-2: 167
the Bearish trade would be:
Sell: 139 (if clear breakout)
Target-1: 132
Target-2: 125
Correct me if I'm wrong on my analysis technique cause I'm still a beginner with technical analysis and open to corrections, new ideas, suggestions, etc..
#ONGC short.. channel breakdown#ONGC channel breakdown..can short below 132 for TG 120
As per pole n flag pattern 2nd Tg can be possible i.e 100-105.. keep in mind, selling always fast...#subhashish bhai fan. For educational purpose only
@ONGCLTDIt braks the structure of LL AND HL.
IT SHOULD GO TOWARDS THE ARROW🏹 DIRECTION IN COMING DAYS.
ONGCNSE:ONGC ONGC has lived up to our expectation and is nearly at the high of our estimates . This is likely to continue higher due to breakouts in many sectors including a possible breakout in oil and natural gas.
