i have both type of view on mrpl trading as well as investment
trading view = buy target 62/65 stoploss 55.50
but i will invest in mrpl in sip mode
i will share my stratergy with you and the reason for my view and let me know if like it or not and agree or not
some key stats for mrpl
mcap to sales = 0.09
price to cash flow =. 2.13
price...
Oil and Natural Gas Corporation (ONGC) Ltd. is a public sector undertaking whose operations are monitored by Ministry of Operations and Natural gas, Government of India. ONGC is India’s largest government owned oil and gas explorer and producer. Its CMP is 143.75. Negatives of ONGC are such that there is a decline in quarterly net profits, decline in net cash flow...
This was after more than 4x up from 40 in Mar'20 (to 180 in Mar'22)
Plan ahead => could consider to Buy above 150
- and/ or Rejections near 100
PB 0.7x
PE 4x
DE 0.5x
ROCE 15%
DivYld 7%
A break of structure and use increasing volume clearly indicates starting of a supplies zone.
Buy near the red horizontal line and expect a strong bull run from there
NSE:ONGC has retraced 50% on its monthly chart. My view that it can move up after some time of consolidation.
Best level to enter is 122.50-120
My upside target will be:
1st target : 139 & 2nd target: 160
Will exit if price goes below level of 113
Note: This is my personal analysis, only for learners
ONGC breaking the Higher high and Higher lows pattern. As the Indian markets are reversing from a important Resistance zone. We can see a good downfall in this stock for upcoming days.
We can expect the first nearby target of around 119 levels and further low can be seen in case the market falls drastically.
Trade safe. Manage risk. Be profitable.
Please follow...
📊 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 bouncing back from key support zone.
Keeping a tight SL around 15-20 points, we can expect it's first target of around 30 points.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts...
ONGC CMP 162 is looking strong. A long term Candidate. Fresh entry above 164.5 closing. Once this resistance is crossed the targets will be 173 and 181 and 191 in the long term. Stop Loss to be maintained at Closing below 130. ONGC is a High Dividend yield stock. At CMP the Dividend yield is 5.6 %. (If the stock goes down, Dividend yield goes up). (This makes...
