ONGC trade ideas
ONGC - CUP HANDLE OR inverse head & shoulder A CLOSE ABOVE 122.35 might take this script to higher levels ...keep an 👀
disclaimer - not a recommendation .. do your due diligence
Long ONGCONGC has given breakout above the monthly supply line.
Additionally, there is a breakout from horizontal range on weekly and daily.
Take position after pullback
Technical Analysis for ONGC (Long)On the daily time frame the stock broke out the down trend line with a good volume and is now waiting for a retest on the weekly chart for an uptrend. Since the stock just crossed the 200 EMA on the weekly chart there is a possibility on the upside.
Can go for long.
7year trend line breakout ONGC*for educational purpose only. It's not a call. Do your own analysis.
It is forming an inverse head and shoulder.
Thanks 🙏.
good opportunity to buy longterm1.buy @ 120
2.stoploss @105
3.target @ 210
before sometime they break the level and retestand then go
upperside but now global scenrio i think they retest again the
level like 120-117 so friend good opportunity to buy
ongc buy here ongc has given breakout and retest on years long downtrend trendline
good buy opportunuty for huge targets above 15%
ONGC Long IdeaONGC is about to give breakout on weekly charts.
Note: Breakout has not happened.
One can start accumulating now for 147/158 Targets with a a Stop Loss of 107
ONGC MONTHLY CHARTWe have a long term view in ongc ,as you see in monthly chart it's try to break trend line and a previous swing low ...so we believe if its sustain above 125 then you can make a position for 180 and 220 rs target in next 2-3 years.
LONG ONGCSwing to positional trade!
breakout from the channel, and retest and looking at the bulk deals, buying was seen on 27th aug'21
ONGC looking good at this level to make Long POSITIONThis time trying new things with a line chart of Trendline breakout, Support zone, fibbo retrecment of 0.5%
buy at the current level
sl is 113.80
target is open
ONGC 4HRConfluence of Daily & 4HR BULLISH Bat LEVEL STRONG POTENTIAL REVERSAL ZONE
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
ONGC Short Term Reversal TradeThe stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zone and target is place near swing and channel high.
Try To Exit before earnings disclosure if profit reaches around 10%.
Note: As the market is under selling pressure, enter only after confirming a reversal.
