Inverted Head and Shoulder breakout in ONGC.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.Longby Shorabh2211
ONGC - DOUBLE MOVING AVERAGE CROSSOVER📊 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 ⚠️ Stoploss ☠️🚫 - 127 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.Longby radha_23Updated 3312
ONGC: With SL 150, ONGC is performing well on CMP 156ONGC: 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.Longby KP_77Updated 4412
Technical and digital analysisWe 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 buyLongby faridsalim3081
ONGC multi year breakout?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.by Tradeception_0
ongc buy above 4 hr bullish candle target 159.90 , 164.90 , 175ongc buy above 4 hr bullish candle target 159.90 , 164.90 , 175 sl 149.70 Risk reward 6.36Longby gopicr7Updated 3
I am ONGC Stock BuyI am ONGC stock Buy at retest weekly level in daily time frame.Longby ronitgaikwad081
cup & handle pattern in ONGCCup n handle pattern in ONGC, Now the stock price is above neckline, so a good move expected on the upside.Longby Scientificlearner11
We may see up side move in ONGCNSE: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.Longby sjbuddhadev4
#ONGC long trade idea setupGreetings 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 stoplossLongby profitpujari0
#ONGC - Cup is ready and need to sip the tea#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 - 144.2Longby BitofaMillion2
ongc buy @ 157.50 target 159.90 , 164.90 , 175ongc buy @ 157.50 target 159.90 , 164.90 , 175 risk reward 6.36 sl 152.50Longby gopicr7Updated 6
Can we run with momentum to the target!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! Longby Krishna_krsna1
ONGC - Weekly AnalysisIn 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.Longby JatinManani1111
ONGCONGC for long seems ONGC good to go Long from here .. Target, SL clearly given in chartLongby I_M_VARUN_TYAGIUpdated 3
18 June 2023 $ONGC: The oil money longNSE:ONGC Reports came out yesterday stating that Russian oil is making up 30% of India's imports as stated India's largest publicly owned oil & natural gas firm. This comes at a crucial period for Russia after being hammered by economic sanctions, as we can tell with the war, it is firmly narrowing down into a war of attrition, and this war can only be funded if Russia feels economic security, this reason so puts greater trust into BRIC stocks and will definitely see some sort of financial injections in the coming year(s). India hosting the largest population in the world is focused on 2 main objectives especially following the recent tragic train crash. 1. How can they lift the largest workforce in a similar manner to China up? 2. How can they compete neck to neck with Shanghai/LA/NYC/London/HK. Possessing a significantly advantageous location on the world map, India's future will soon be determined by policies made NOW. For India to achieve these objectives, at the very baseline, it requires public infrastructure and, none of that can run without the veins of oil. Thus, this bet is betting on India's persistence and future in general on its most necessary growth factor commodity. The balance sheets show a well maintained company with efficient enough statistics. Currently, it's Price-to-sales are about 0.29 with industry average at about 0.66. Meaning at the moment, ONGC is well undervalued. On top of that, its EBITDA is at 11.02 with Industry average at 8 exemplifying the company's healthy financial status and good cash flow. Beta value sits at 0.73 showing low volatility in comparison to the market and lastly, quarterly price to book is at 0.7 showing it is a great stock to buy at it's current value. I have long term entries at this with buys at 150, 152, 146 and 139 respectively. I will be DCAing this over time but I don't expect a drop to these levels any time soon. Longby bradleyzander0
ONGC--Near its Demand Zone??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.by IIT-TraderUpdated 4422
Break down in ongcOil and Natural Gas Corporation Limited (NS:ONGC) which holds a weightage of around 0.79% in Nifty 50 is looking weak on the chart. The company has a market capitalization of INR 2,08,832 crores and trades at a TTM P/E ratio of a mere 4.94. FIIs were seen trimming their stake in the company for the last three quarters, cutting it down from 9.97% in June 2022 to 7.97% by March 2023 end.by Trader_point_0
ONGC-- Reversal or Up side??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.Shortby IIT-Trader5
ONGC Buy for intraday tradingONGC Buy for intraday trading if stock breaks the given resistance level..........Longby Mitesh_Patel_65080
ONGC Sell for intraday tradingONGC Sell for intraday trading if stock break the given resistence level.........Shortby Mitesh_Patel_65080