ONGC trade ideas
ONGC breakout on Monthly chartsONGC likely to breakout after consodlidating for few days ar upper levels of the channel and shoot upto higher levels.
Positional target: 92.00
Stop Loss: 79.50
ONGC completing Wave 4..Upside 93ONGC on he completion of Wave 4. Good confluence of moving average (specially EMA 20 and EMA 50) around the current price. Expecting a major move of Wave 5 extending upto he high of Wave 3 .....around 93 zone which also happens to be 200 EMA which may act as resistance.
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
ONGC82.5 SEEMS A GOOD ENTRY FOR 83.5, 84.5 & 85, FURTHER MIGHT LEAD UPTO 86.50
**********************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
ONGC - Short TermONGC wolfe wave shows some upward movement...Can be bought at CMP for the given taregts.Targets on chart...
Short ONGGONGC break its channel downwards, consolidated and trading under inclining wedge.
If break 82 can slip to 76.
Time 2-4 weeks.
ongcafter accumulating for last 15 days expect a rally toward 92 once it crosses 92 level it migt go upto 120 trg of 3(3) wave. crude has been rising for last 8 to 9 days
101 up next ..Follow up to an earlier trade of this so HTF chart is on my feed if anyone cares.
Always like coming back to the ones which pumped recently and have made their local bottom.
This looks it has and it tested support at 81.80 2 times and is now sitting on a gorgeous spot on the daily just below the 99day and with a lot
of room to move above till our friend the 200 day will most probably knock us back down one last time.
So think its a good trade for a quick 15-18% from here 82.15 is a good entry expecting a wee pull back but lets see how it goes.
115 Should come pretty fast as well but shall look to enter again once we flip 101.
BUY 81-86
SL 80.90
TARGET 101.10
ONGC 101 HERE I COME Was going through the top losers on the nifty today and this stood out for me .
Followed the earlier graph from 10 days ago to the T , although i hopped off looks good for a quick swing and possible intra day .
Sitting bang on 50 day support and golden cross about to happen.
I feel little dip then cross 86 and we explode possibly till 106.
SL 80.55
One to track for monday
ONGC -- engines starting...Apparently some good news coming up .. chart looking good just a quick update for a possible intra day on Monday.
still hopefull 115 will come soon for swing .
