ONGC trade ideas
ONGCShort this counter once MACD turns negative, aggresive traders can short right away since there is divergence on RSI , MFI and volatility
918. NR7IB. Break of narrow provides the direction of either buy or sell side. accordingly buy or sell can be place with sl of prior day high or low
SL compulsory
332 SAN. Does it will touch 161 level?Disclaimer:
Please consult with your financial adviser before making any trading or investment decision. Set-up provided here is for informational and educational purposes only.
This is not a sell or buy recommendation. We are not responsible for any gain or loss; Consult your financial advisor before your execution of trade.
There are heavy chance that most of the presented scripts does not meet set (described) entry conditions, as most of the posted analysis are based on Static ANalysis (SAN). Many times scenarios does not arise for good and ideal entry points. Hence needs personalized intraday techniques and strategies (PITS) are required for your entries and exists Always run with SL. Wavozen1 aims to publish real-time entries and exits.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on SAN for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on Real-time Analysis (RT)/ Dynamic ANalysis (DAN) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, Gap-up opening, gap-down opening, news, major economic data release etc may impact the deviation from the assumed scenarios. If entry conditions and criteria are not meet, then we should not take any chance to enter on assumed scenarios. If there is a deviation in assumed scenario in time, speed and angle and these deviations will not encourages for entry as referred as entry not valid (ENV). Daily post appears on stocktwits.WavoZen. Abbreviations: PT1: Profit taking point 1; PT2 =profit taking point 2; SL: Stoploss point. ENT: Entry not Triggered; ENV: Entry not valid.
BEARISH ON ONGCSHORT ON ONGC FOR DAYS TO COME WITH A WEEKLY BEARISH PATTERN,BEARS DOMINATING BULLS ON WEEKLY TIME FRAME!
A possible Down before UpI have noticed an alternative pattern in ONGC. This could play out if the previous major patter was an ending diagonal. In the current pattern it is possible that ONGC has finished the B wave of the ABC and is now due for a C wave which should complete @ 150 kinda levels. A breakout to the lower side would confirm the continuation of the C wave and this seems to be highly probable, then followed by a possible up move. My view is that there is first a down move, then depending on the pattern that develops, there could be an up.
Ready for the Next move downONGC looks like its ready for its next move down, however, a correction on the 240 needs to happen that could confirm the same. This looks like its part of a bigger B wave, effectively making this one of the pieces to finish for the B wave completion. There could be a move down to retest the recent lows and then we might see one major up move.
