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OIL AND NATURAL GAS CORPORATIOOIL AND NATURAL GAS CORPORATIOOIL AND NATURAL GAS CORPORATIO

OIL AND NATURAL GAS CORPORATIO

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ONGC trade ideas

ONGC 1D TFONGC breaking the Higher high and Higher lows pattern. As the Indian markets are reversing from a important Resistance zone. We can see a good downfall in this stock for upcoming days. We can expect the first nearby target of around 119 levels and further low can be seen in case the market falls drastically. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
NSE:ONGCShort
by simple_trader2022
ONGC IndiaSSI Live Trading Series Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
BSE:ONGC
by Sunstorminvest
ONGC - Further fall possible - Windfall TAX & Falling Crude It appears that fall in ONGC will continue.. On 1st July, it was announced that taxes will be imposed on the export of petrol, diesel, and jet fuel shipped overseas by Indian companies. ONGC went down more than 15-17% within two trading sessions following this announcement. FYI- Reliance also saw more than 7-8% fall for the same reason. There is huge Crude sell of globally - it has fallen more than 11% on 5th July. ONGC will see the impact of this as well on top of Winfall TAX. On a chart, ONGC has broken the support trendline (weekly).. immediately heavy sell off after this. ONGC chart is also an example of failing inverse head & shoulder pattern. Also heavy call writing at 140 following 130 & 135 levels which will act as resistance for month of July. Currently it's trading at 125, next support is at 117 and then 108 & 97. Breaking this could take it up to 86 (strong support & fib level) in near future. LTP - 125, 117- S1, 108 - S2, 97 - S3.. 86 is a major support as per chart pattern. Buying stocks at 108, 97 or 86 would be good idea for a long term investor though!
NSE:ONGCShort
by UnknownUnicorn24770148
1
ongcas the most of the stocks are and this one as well in the downtrend. on the weekly basis ONGC made big rounding bottom now it is breaking that break out level previous week it tested those levels and went up. and this time it is down with volume at the high side. if it doesnt move above 152 this coming week, it may move towards 131 as per fibo levels. fundamentally as oil prices are reducing may impact the company. for now sell on rise as it has made perfect bearish form. these are my personal views please contact your advisor for taking the position.
NSE:ONGCShort
by Jrkautilya9