The stock is likely to go up... the chart is looking good. and risk reward is self explanatory . one can go long based on this .. this is what i call a minimum projection of price might touch. targets are flexible but have a tight stop loss.
Ongc this is my overview for ongc.. I don't follow any moving averages, any bands , Any momentum indicator.. just following gann time cycle in 1 month or under i am looking for a buy entry in ongc although I have already bought it around 130 my target is 153-154 in one month. All the way to 315degree
ONGC was shared on AUG 30, 2021 with following buy position
Buy Option 1 : Buy @ 118 TO 120 (High Risk)
Stop Loss :
Option 1 10%
Option 2 : As per your risk profile.
Option 3 : Below 108 ON WEEKLY CLOSING BASIS
Target 1 : 128,150
Risk : Medium
Duration : 1 to 4 Months.
Note : Monthly closing above 128 will confirm breakout
And you can see the returns.
ONGC looks strong after a period of small volume candles.
The theory behind such moves is - There is a period of accumulation happening over a time and then a sudden surge in volume to take price up. The price rise needs to follow through to keep the trend going. If you look at chart, there are big green candles and small red candles after the surge. This makes...
