The price reached a peak of 344.80 on August 12, 2024, before entering a downtrend. It subsequently found support at the 283.45 level, followed by a period of sideways movement. Upon closer analysis, the price is exhibiting a bullish divergence on the daily timeframe and has rebounded from the daily support level of 283.45, indicating potential for a bullish...
Observations:: ------>> Facing resistance in the zone @168 ,we have a demand zone in the range 162-160 range. price is falling from resistance with consolidation, price may take the support of demand zone, and again moving back to the resistance or resistance may broken. Keep on buy side from this zone.
NSE:ONGC has retraced 50% on its monthly chart. My view that it can move up after some time of consolidation. Best level to enter is 122.50-120 My upside target will be: 1st target : 139 & 2nd target: 160 Will exit if price goes below level of 113 Note: This is my personal analysis, only for learners
ONGC CMP 162 is looking strong. A long term Candidate. Fresh entry above 164.5 closing. Once this resistance is crossed the targets will be 173 and 181 and 191 in the long term. Stop Loss to be maintained at Closing below 130. ONGC is a High Dividend yield stock. At CMP the Dividend yield is 5.6 %. (If the stock goes down, Dividend yield goes up). (This makes...
Swing to positional trade! breakout from the channel, and retest and looking at the bulk deals, buying was seen on 27th aug'21
This time trying new things with a line chart of Trendline breakout, Support zone, fibbo retrecment of 0.5% buy at the current level sl is 113.80 target is open