ONGCONGC: Monthly timeframe... Big resistance ahead... Let's see if it breaks multi year resistance or not !!!
ONGC trade ideas
Breakout Stock ONGCONGC has broken its all time high and marching ahead, is it good time to catch it? i say yes.
lets wait for a monthly candle to close above its all time high 197.65 then take entry near 197, targets and SL marked in the chart.
revert for any doubts or clarifications.
Disc- This is not a buy recommendation, please trade as per your own risk.
ONGCI am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and loss
ONGC (Swing):ONGC (Swing):
ONGC is set for a 30-35 % up move due to the strong surge in energy sector.
Appropriate support, resistance levels are highlighted with target.
Keep adding between 190-200 with a SL around 180.
Trade offers a RR of 1:5.
Note: Do your own due diligence before taking any action.
ONGC📢Resistance broken stock📢
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
ONGC LONG Buying energy sector,
1. In a deflationary scenario, energy is often a hedge.
2. Equities are crashing and so are bonds.
3. There is a supply shock going on when it comes to crude oil.
4. US SPR is at 50% from all time highs.
Technical analysis,
1. Strong up trend.
2. Decent retracement, price below the 15 min 200 EMA.
3. August resistance may turn in to support INR 179.
4. Bullish divergence on the RSI.
Monthly Breakout on chart Oil and Natural Gas Corporation Limited (ONGC) is India's largest oil and gas exploration and production company. With a strong presence in both domestic and international markets, ONGC is a key player in India's energy sector. The company is involved in the exploration, drilling, production, and refining of oil and gas products.
Market Position:
ONGC holds a dominant position in India's oil and gas industry, contributing significantly to the country's energy needs. The company's vast reserves, advanced technology, and operational expertise make it a reliable and stable player in the market.
Key Investment Themes:
Energy Demand in India: India's growing population and expanding economy continue to drive the demand for energy. ONGC, as a major energy supplier, is well-positioned to meet this increasing demand, ensuring a steady revenue stream.
Resilience in Oil Prices: Despite fluctuations, oil and gas remain essential commodities globally. ONGC's operations are influenced by international oil prices. However, its integrated business model and cost-efficiency measures help mitigate the impact of price fluctuations.
Exploration and Reserves: ONGC possesses significant oil and gas reserves both in India and overseas. Continued exploration activities and the discovery of new reserves enhance the company's production capabilities, ensuring long-term growth prospects.
Government Support: ONGC operates under the umbrella of the Indian government, which provides stability and support. Government initiatives to boost domestic production and reduce energy imports further strengthen ONGC's position.
Technological Advancements: ONGC invests in cutting-edge technologies and techniques for exploration and production. Continuous advancements enhance operational efficiency, reduce costs, and improve the company's competitive advantage.
Risks and Mitigation:
Oil Price Volatility: Fluctuations in global oil prices can impact ONGC's profitability. The company manages this risk through hedging strategies and a focus on operational efficiency.
Regulatory Challenges: Government regulations and policies can affect the energy sector. ONGC's close collaboration with regulatory bodies and its adaptability to policy changes help mitigate regulatory risks.
Environmental Concerns: Environmental regulations and concerns are significant challenges for oil and gas companies. ONGC's commitment to sustainable practices, environmental conservation, and community engagement helps mitigate these risks.
Long-Term Outlook:
ONGC offers a compelling investment opportunity due to its strategic position in India's energy sector, vast reserves, technological advancements, and government support. As India's energy demands continue to rise, ONGC is poised for long-term growth.
Investors seeking exposure to the energy sector and the Indian economy might consider including ONGC in their portfolio. However, it's essential to monitor international oil market dynamics, government policies, and technological advancements while maintaining a long-term investment horizon. Conducting thorough research and periodic reassessment of the investment thesis is advisable to adapt to changing market conditions.
Inverted Head and Shoulder breakout in ONGC.This script has broken out of Head and Shoulder pattern but the break out volume is missing. The race towards the target can be slow but the break out looks strong and there has been a very good volume build up in this script over the last few months which means investors are showing good interest in this stock.
Trade setup has been mentioned.
Trade wisely.
ONGC - DOUBLE MOVING AVERAGE CROSSOVER📊 Script: ONGC (OIL & NATURAL GAS CORPORATION LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Energy, Oil Gas & Consumable Fuels
📊 Industry: Oil Exploration & Production
📈 ONGC has given crossover at double moving average.
📈 Right now RSI is around 56.
📈 One can take swing trade on the basis of Moving average crossovers.
🟢 Target 🎯🏆 - 157
⚠️ Stoploss ☠️🚫 - 127
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
ONGC: With SL 150, ONGC is performing well on CMP 156ONGC: With SL 150, ONGC is performing well on CMP 156. I think it has the ability to reach 160, 170, or 180 based on positioning.
I am neither a SEBI registered advisor nor a financial advisor.
Consult your financial counselor before making an investment.
Technical and digital analysisWe notice that we are in a correction to the upside, and there is an increase in the buying momentum, and we wait for the selling momentum to weaken in the correction, and we buy
ONGC multi year breakout?ONGC weekly chart. Price has failed to breakout above the 180 level on Sep 18, May 19 and Mar 22. It has reached that level again currently.
Successful break above 180 could give a quick rally to 200.
Keep watch.
ongc buy above 4 hr bullish candle target 159.90 , 164.90 , 175ongc buy above 4 hr bullish candle
target 159.90 , 164.90 , 175
sl 149.70
Risk reward 6.36
cup & handle pattern in ONGCCup n handle pattern in ONGC, Now the stock price is above neckline, so a good move expected on the upside.
We may see up side move in ONGCNSE:ONGC
We may see UP side move in ONGC
Entry Price : 170.45
Stop Loss : 166.40
Target : 187.50
Timeframe : Short-term (6 to 12 days)
Disclaimer
I am not a SEBI register advisor. Here I am sharing all my trading ideas for education purpose only. Take advice of your finacial advisor before investing here.
#ONGC long trade idea setupGreetings Folks,
today i have prepared a setup on ONGC nse
used the concept of fair value gap in the trade
market structure is looking good
volume is in our favor also
dont play with fire always use pre defined stoploss
#ONGC - Cup is ready and need to sip the tea#ONGC - Ready for Breaking out with Cup and Handle pattern on break of 171, with strong uptrend potential in Short to medium Term for
Resistances(Fib) - 181-189-200-205-220 (retracement)
Current Support : 169.25 -167.30 - 156.9 - 144.2
ongc buy @ 157.50 target 159.90 , 164.90 , 175ongc buy @ 157.50
target 159.90 , 164.90 , 175
risk reward 6.36
sl 152.50
Can we run with momentum to the target!Momentum pick for a while! NSE:ONGC
NSE:NIFTY
This study is for educational purposes only , not a recommendation or tip to trade or invest!
