ONGC looks good to buy for all time frames. A breakout is soon possible indicating a good bullish run towards 190 in short term, with Crude Oil on support ONGC may soon breakout. For long term a cross of 205 would open up gates for higher targets. There is a possibility of this stock never showing these rates again. This is an excellent long term pick and hence...
After a strong upward movement its coming down but there can have 2 possibilities 1)Once consolidation overs(takes support(marked with green )at previous resistance then HH&HL formation in lower timeframe) can be a entry for LONG. 2) If it breaks below upper support level and then there might be chances that it will take support at next support level. Again we...
Currently in Weekly Demand Zone, Buy above 161.5 on closing basis and bullish candle formation. Tgt 175, 182.5 SL 156
ONGC trading cheap vs crude, fair value close to 230-240 @ current crude levels. P/BV @ almost 1.0. Dividend yield of 3.4%
Levesl mentioned on the chart .
ONGC short based improper bearish bat
BUY and Hold ONGC for TARGET 500-600
ONGC is forming a Cup and Handle. Go long..
the stock has given a SMA cross over on daily charts where and had a minor correction till 21 day SMA. Stock has closed above 8 Day SMA and is now posied to hit 180-182 in this Series.
trend analysis with volume
After an impulsive rise, correction has set in, potential for correction is upto 158-168 levels. short with stop at 212