ONG - ABOUT TO REBOUND AFTER A MASSIVE PULLBACK!Chart says it all!
Let me know your thoughts
''Buy Big Sell BIGGER'' - MegaWhale
ONGC
ONGC on resistance -- INTRADAYONGC has touched the upper level of the channel and might correct some points to cool off a bit.
ONGC Weekly chartBuy on dips Strong Support 88, 76.
1st Target 124.
Technical View
For educational purpose only.
ONGC looking Bullish on daily chartBuy on dips strong support 93, 88, 82.
Technical View
For educational purpose only.
ONGC - Trend AnalysisONGC is in uptrend, making higher highs and higher lows, now this is a crucial point where the price is on support level and touching the trendline for 3rd time, wait for confirmation candlestick!
ONGC Triangle PatternONGC Triangle Pattern is spotted. One can take an entry after a candle breaks the triangle and closes.
ONGC (25% Upside play)# ONGC (10/12/2020)
> A beautiful turtle setup
> Dragonfly Hammer (Support at 86 )
> TGT (25% + upside)
> Levels appear on the chart as TGTs
Break out from resistance zoneThe trend is trying to break out the resistance zone again but this time the RSI is also giving buy signal by crossing RSI 60, so we can buy with target 85
ONGC- Bullish CrossoverONGC CMP is 84.85. It has made a bullish crossover today. Despite fall in market it did not fell showing its bullishness. If it crosses 85.5 it can go to 90.5 and 102.
4hr time frame triangle breakout done4hr time frame triangle breakout done, and script retracing from 2004 low level I am positive about it if it dint cross last swing 1hr low
Short ONGGONGC break its channel downwards, consolidated and trading under inclining wedge.
If break 82 can slip to 76.
Time 2-4 weeks.
ONGC long termONGC has broken down below the long term wedge pattern. It should continue its downward movement below the wedge. In addition it also has a Head and Shoulders pattern which has already broken down. The volume has been climactic as well.
Bets off if it goes back inside the wedge and does a breakout above. It will turn very bullish in that case, but until that happens, I would stay away from the long side.
Disclaimer: Not a recommendation to buy or sell.
ONGC After long consolidation this stock shown last trading season good momentum. Hopefully this momentum will continue for at least for 10-15 % but considering the volatility we can play with limited price movement for intraday.
