ongc bullishongc will follow rising oil futures (line chart) ?
intrinsic value 218
for education purposes only
ONGC trade ideas
ONGC1.FII / FPI or Institutions increasing their shareholding
2.F&O data suggests Long Buildup today
3.12.99% away from 52 week high
4.Mutual Funds have increased holdings from 6.03% to 6.52% in Sep 2021 qtr.
5.Stock with Low PE (PE < = 10)
6.RSI indicating price strength
7.Current price is less than the intrinsic value
8.1 Month: Delivery volume fell by -49.15%
1 Day: Delivery volume increased by 62.16% over 5 day average
9.Net Sales - QoQ Growth in quarter ended Sep 2021 is 12.85% vs -5.28% in Jun 2021
Consolidated Net Profit - QoQ Growth in quarter ended Sep 2021 is 191.74% vs -39.2% in Jun 2021
like if you agree , trade as per targets
Buy Ongc for Intraday/Btst Target of 159-161Level Mentioned
Buy in given zone
and set target in given zone
Very good chart pattern
Nice build up
LongGreat swing trade idea on ONGC 📈
breakout of parent trendline on weekly timeframe
Breakout of a bull flag on daily timeframe also price has taken support exactly at golden level of Fibonacci
ONGCONGC break trend line some day's ago and we miss the opportunity, but we can still enter in the trade, We can enter at "CMP" and the "TGT" is 170rs and our "SL" is 150.50rs.
ONGC Near BreakoutONGC breakout coming uptrend flag formation. now 200 EMA acting like resistance after it breaks.
Long Entry - 144 - 146 ( after retest upward resistance trendline )
Stop Loss - FIb 0.236 Level
Take Profit - 1) 149.55
2) 159.65
3) 170
ONGC- Price Action Analysis NSE:ONGC already has nearest to their supply zone (143 - 145) and has activated Harmonic BAT pattern with the level of 0.886.
BUY : Buying only applicable if price will cross above 145 level and sustains to close on daily basis with high volumes and good momentum.
SELL : If any rejection at 143 -145 , might activate Sellers for selling up to 128 -131 and breaking this zone creates tremendous sell off till 115.
NOTE : Safe trader can buy above 145 or wait till if price comes at 128 -131 and creates reversal confirmation candle.
This stock is great. I am very bullish on the stock. This stock is great. I am very bullish on the stock. its technical very supported
ONGC Breakout-Retest Tradehe stock has broken out and retested, therefore it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2.5:1
SL is placed below support zone & the upper trendline. The target is placed near swing high.
bullish view over ONGCbullish view
flag and pole pattern
volume starts building
first hurdle is immediate resistance
if crossed then next bull run will start
Do You think its going to go up or down ?I think its going up has Accumulated and also the results are good
ONGC TAKING SUPPORT ON TRENDLINEit will be good for investment i thinkkkk as it is has announced dividend its demand will be increasing in future
After breakdown at 158 it will its bull rallyJust show level and pattern and today its also did conformation about level support retest.
After breakdown it take retracement and then gives our target.
One more conformation is about taking support at strong febbonaci levels.
ONGC bulish flag ONGC has formed a bulish flag pattern after the brekout it either can go up or down if down brekout
use your own research and trade on your own
mark my words it will give you much good returns
any thoughts on this lets have a discussion in comments
expecting impulse to the upside in ONGCC wave is in making, its making correction at lower period. might make setup for long trade.
TC
Falling Wedge Stock Analysis: ONGC has formed falling wedge pattern and broken the upper trend line conservative entry would be once it retraces on the trend line for the target given on the chart.
Happy Investing!
