ONGC trade ideas
Ongc major suport taken after breakoutOngc on daily chart took support on 50 moving avg. Today and i would suggest to keep and eye on it as it may rise
ONGC making Head & Shoulder on Daily Time FrameThe structure of ONGC seems that it is making a Head & Shoulder Pattern on Daily Chart... Looking weak....
Note: Analysis for Education purpose , not a recommendation
ONGC { 15 M short }At resistance line forming an IB/ Doji , short if break .Rest is as per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
BUY ONGC retraced from supportONGC after the weekly breakout consolidating above support and good opportunity to buy.
buy around 95 -98
SL and Targets are mentioned.
ONGC 30MNBULLISH Bat
RSI MUST BE ABOVE 30
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
ONGC 15MNBullish BAT for SCALPING
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
Ongc { 30 M short }IB formed in gapped up scenario , Short if it breaks
Rest is as per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
ONGC WEEKLY ANALYSIS As we can see here ONGC following trendline and successfully recovered from the EMA support.
We can expect some good upper move through upcoming week.
Please suggest your views.
Thank You
ONGC Weekly chartBuy on dips Strong Support 88, 76.
1st Target 124.
Technical View
For educational purpose only.
ONGC looking Bullish on daily chartBuy on dips strong support 93, 88, 82.
Technical View
For educational purpose only.
ONGC 1HRCONFLUENCE OH 3HR & 1HR BULLISH BAT ZONES Strong POTENTIAL REVERSAL ZONE
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
ONGC 3HRBULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
ONGC 1HRBULLISH Crab@1.902XA
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
ONGC - Trend AnalysisONGC is in uptrend, making higher highs and higher lows, now this is a crucial point where the price is on support level and touching the trendline for 3rd time, wait for confirmation candlestick!
ONGC - expected profit 12% in next 22 Days (Opportunity Window)ONGC -
C10000 > RC2000 > Q96 -
SL < Entry < Exit
82.57 < 103.85 < 115.69
ONGC Triangle PatternONGC Triangle Pattern is spotted. One can take an entry after a candle breaks the triangle and closes.
Channel Break out with Huge Volume SpikeChannel Break out with Huge Volume Spike ,i can see double bottom forming W pattern as well
CMP 96.80
Target 120
SL 80
