Buying energy sector, 1. In a deflationary scenario, energy is often a hedge. 2. Equities are crashing and so are bonds. 3. There is a supply shock going on when it comes to crude oil. 4. US SPR is at 50% from all time highs. Technical analysis, 1. Strong up trend. 2. Decent retracement, price below the 15 min 200 EMA. 3. August resistance may turn in to support...
Oil and Natural Gas Corporation Limited (ONGC) is India's largest oil and gas exploration and production company. With a strong presence in both domestic and international markets, ONGC is a key player in India's energy sector. The company is involved in the exploration, drilling, production, and refining of oil and gas products. Market Position: ONGC holds a...
ONGC - Cup and Handle pattern formed in monthly chart
This script has broken out of Head and Shoulder pattern but the break out volume is missing. The race towards the target can be slow but the break out looks strong and there has been a very good volume build up in this script over the last few months which means investors are showing good interest in this stock. Trade setup has been mentioned. Trade wisely.
📊 Script: ONGC (OIL & NATURAL GAS CORPORATION LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 📊 Sector: Energy, Oil Gas & Consumable Fuels 📊 Industry: Oil Exploration & Production 📈 ONGC has given crossover at double moving average. 📈 Right now RSI is around 56. 📈 One can take swing trade on the basis of Moving average crossovers. 🟢 Target 🎯🏆 - 157 ⚠️...
ONGC: With SL 150, ONGC is performing well on CMP 156. I think it has the ability to reach 160, 170, or 180 based on positioning. I am neither a SEBI registered advisor nor a financial advisor. Consult your financial counselor before making an investment.
We notice that we are in a correction to the upside, and there is an increase in the buying momentum, and we wait for the selling momentum to weaken in the correction, and we buy
ONGC weekly chart. Price has failed to breakout above the 180 level on Sep 18, May 19 and Mar 22. It has reached that level again currently. Successful break above 180 could give a quick rally to 200. Keep watch.
ongc buy above 4 hr bullish candle target 159.90 , 164.90 , 175 sl 149.70 Risk reward 6.36
I am ONGC stock Buy at retest weekly level in daily time frame.
Cup n handle pattern in ONGC, Now the stock price is above neckline, so a good move expected on the upside.
NSE:ONGC We may see UP side move in ONGC Entry Price : 170.45 Stop Loss : 166.40 Target : 187.50 Timeframe : Short-term (6 to 12 days) Disclaimer I am not a SEBI register advisor. Here I am sharing all my trading ideas for education purpose only. Take advice of your finacial advisor before investing here.
Greetings Folks, today i have prepared a setup on ONGC nse used the concept of fair value gap in the trade market structure is looking good volume is in our favor also dont play with fire always use pre defined stoploss
#ONGC - Ready for Breaking out with Cup and Handle pattern on break of 171, with strong uptrend potential in Short to medium Term for Resistances(Fib) - 181-189-200-205-220 (retracement) Current Support : 169.25 -167.30 - 156.9 - 144.2
ongc buy @ 157.50 target 159.90 , 164.90 , 175 risk reward 6.36 sl 152.50
Momentum pick for a while! NSE:ONGC NSE:NIFTY This study is for educational purposes only , not a recommendation or tip to trade or invest!
In the Weekly Chart of GAIL , we can see that; it has respected the Trendline multiple times. It might respect once again. Plan your trade as per your Risk ratio.
ONGC for long seems ONGC good to go Long from here .. Target, SL clearly given in chart