Observations::
------>> Facing resistance in the zone @168 ,we have a demand zone in the range 162-160 range.
price is falling from resistance with consolidation, price may take the support of demand zone,
and again moving back to the resistance or resistance may broken.
Keep on buy side from this zone.
ONGC--Observations:
---->> Price reached the strong Resistance at 165-167 zone.
------->>previous strong sell off happens here, after a long time it is testing Supply zone again.
------>> Strong fall and weakness in buyers is observed.
-------->> Look for sell side opportunity or buy on breakout of this zone.
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.
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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.
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Disclaimer :- This is just my view. Please analyze charts...
ONGC go for a buy if script breakouts and gives you s candle stick confirmation.
aggressive traders can buy after daily chart breakouts
conservative traders can wait for a retracement at new support along with a candle confirmation.
patience will be key also go for min tp of 15% , T1 and T2 are recommended targets
trade with trend is also used as an analysis
This 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
Strong MACD , StocRSI parameters, and the recent pullback show that if the trend continues for the short term, we can see the Scrip hitting the two target levels. The Parabolic SAR has already given a BUY signal, with all parameters in tandem we can see the same happening.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your...
ONGC has been making lower top lower Bottom and we could get opportunity to sell them tomorrow
If ONGC Opens below 102, then go ahead and sell them.
Else you can sell around 103-104
Stop loss can be around 105
And once it breaks 100, it can go down faster towards 98, 95, 93
