Stock analysis - ONGCONGC broke the trend line in hourly chart ,Above todays swing high will be a good buy as the 20 sma crossed the 200 and the future OI build up is massive ( stoploss below hourly 20 sma), can even enter if it takes support at hourly 20 sma with a bullish candle
Ready for a breakout ONGC ???Weekly trendline resistance strong above 120 closing base,First target 164 SL 114.
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Frequently Asked Questions
The current price of OIL & NATURAL GAS CORP FUTURES is 242.80 INR — it has fallen −1.47% in the past 24 hours. Watch OIL & NATURAL GAS CORP FUTURES price in more detail on the chart.
The volume of OIL & NATURAL GAS CORP FUTURES is 13.88 M. Track more important stats on the OIL & NATURAL GAS CORP FUTURES chart.
The nearest expiration date for OIL & NATURAL GAS CORP FUTURES is Dec 26, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell OIL & NATURAL GAS CORP FUTURES before Dec 26, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For OIL & NATURAL GAS CORP FUTURES this number is 93.97 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for OIL & NATURAL GAS CORP FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for OIL & NATURAL GAS CORP FUTURES. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of OIL & NATURAL GAS CORP FUTURES technicals for a more comprehensive analysis.