ONGC trade ideas
ONGC { Short 15 M }Short as mentioned , It's ready to reverse from W frame Resistance also formed a shooting star . Rest as per chart
ONGC (25% Upside play)# ONGC (10/12/2020)
> A beautiful turtle setup
> Dragonfly Hammer (Support at 86 )
> TGT (25% + upside)
> Levels appear on the chart as TGTs
Break out from resistance zoneThe trend is trying to break out the resistance zone again but this time the RSI is also giving buy signal by crossing RSI 60, so we can buy with target 85
ONGC- Bullish CrossoverONGC CMP is 84.85. It has made a bullish crossover today. Despite fall in market it did not fell showing its bullishness. If it crosses 85.5 it can go to 90.5 and 102.
ONGC have further strench can go long after breakout frm FWONGC have further strench can go long after breakout from falling wedge
ONGC - Back to 12 Year LowsONGC - Was around 70s in October 2008 and is now again below that level in October 2020...! Nothing Gain in 12 years except Dividends. Buy n Hold guys must be fretting.!.
Disc: Not a SEBI Regisetered. I post charts for my own study.
ONGC breakout on Monthly chartsONGC likely to breakout after consodlidating for few days ar upper levels of the channel and shoot upto higher levels.
Positional target: 92.00
Stop Loss: 79.50
ONGC completing Wave 4..Upside 93ONGC on he completion of Wave 4. Good confluence of moving average (specially EMA 20 and EMA 50) around the current price. Expecting a major move of Wave 5 extending upto he high of Wave 3 .....around 93 zone which also happens to be 200 EMA which may act as resistance.
4hr time frame triangle breakout done4hr time frame triangle breakout done, and script retracing from 2004 low level I am positive about it if it dint cross last swing 1hr low
