Buy above 119 for 130 and 150 targetDisclaimer: Views are for education purpose only. Do your own research before investing.
ONGC trade ideas
Cup and handle formation in ONGC., cup and handle formation is still in progress., once completes pattern and break out., can go for long. this analysis is for educational purpose.
ONGCFormed a classic rounding bottom with handle pattern, buying above 122-123 with stop loss of 110 and target of 150 in short to mid term.
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ONGC - Breakout after monthly expiry. A sleeping giant that could now finally move with Crude making newer highs..
I dont think it will go above 120-123 till this month's expiry because of the call writing done at 120 levels..
But if crude can sustain a massive short covering rally can happen here going ahead once it stabilizes above 120.
Watch for this to be one of the stocks for next month...
ONGC -- Strong momentum ONGC trading with good volumes - crossing previous resistance levels
Currently at 118 -- wait for it to cross 122-123 levels and can see good upside move.
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ONGC - Elliott wave analysis - ABC zigzag It is in B wave as abc correction in larger ABC zigzag corrective cycle down. C will start once the B wave will finish the corrective move.
ONGC : BUY Signal Generated.Strong MACD , StocRSI parameters, and the recent pullback show that if the trend continues for the short term, we can see the Scrip hitting the two target levels. The Parabolic SAR has already given a BUY signal, with all parameters in tandem we can see the same happening.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
ONGC GO DOWN FOR LITTLE CORRECTION AS PER THE DATA ONGC STRONG RESISTANCE LEVEL IS 105. THERE IS ONE NICE IDEA FOR GO DOWN AND EARN MONEY
TARGET -101
STOCK LOSS 105
Oil & Natural gas in CUP N HNDLE😅After uptrend & sideways movement on daily chart ONGC has formed cup n Handle.
Will continue uptrend? Lets check.....as its a continuation pattarn....
Also nearing daily demand zone.....
ONGC is clearly Sell on RiseONGC has been making lower top lower Bottom and we could get opportunity to sell them tomorrow
If ONGC Opens below 102, then go ahead and sell them.
Else you can sell around 103-104
Stop loss can be around 105
And once it breaks 100, it can go down faster towards 98, 95, 93
Big Break out in ONGC , keep an eye on itONGC giving a break out , after long time
Under performing, the BO IS on weekly chart so you can be long for 3 month to 1 year
Confirmation's ,- rsi , Ema, regression BO.
ONGC Go longONGC found good support at 108 to 111. Also price is reaching to apex of triangle with very good volume! Looking very Bullish ! Let's see!
ONGC on resistance -- INTRADAYONGC has touched the upper level of the channel and might correct some points to cool off a bit.
