ONGC swing tradeONGC is in good condition right now. After a long correction, it looks bullish and can escalate to 156-160.
NSE:ONGC
ONGC trade ideas
Oil & Natural Gas Corporation Ltd Long Fundamental Analysis
Oil and Natural Gas Corporation Ltd. is the largest crude oil and natural gas company in India, contributing almost seventy one percent to Indian domestic production, and is also the one of most profitable PSU in India.
Revenue Mix of the company
• Crude Oil - 70% of FY21 revenue
• Natural Gas - 17% of FY21 revenue
• Value Added Products(VAP) - 13%
VAP includes products such as LPG, Naphtha, Ethane – Propane, Butane, and superior kerosene oil. ONGC is catering 93.5% of revenue is from India and 6.5% through International Trade.
Key Data :
Stock PE Ratio 3.48
Industry PE Ratio 17.8
PB Ratio 0.67
Current Market Price INR 138
Book Value INR 206
ROE 19.50%
Dividend Yield 7.62%
High/Low 195/120
52W Index 24%
PEG Ratio 0.24
** Eye opening facts are, book value of company is INR 206 while stock is traded with stock exchange around INR 138.
** PE Ratio of stock is mere 3.48 as against Industry PE ratio of 17.8
** As per recent quarterly data, revenue is rising on quarter on quarter basis.
** Global Crude oil price is set on rise since couple of days. ONGC is one of the largest crude extraction companies as far as India is concerned. So, increase in crude price in global level favorable for ONGC.
As per Elliot Wave, stock is likely to touched INR 148 in couple of days. However with strong backing of fundamental data and global trend, stock may touched his 52 week high ( INR 195) once again in couple of days.
** I am not SEBI Registered Investor. This business analysis is for education purpose only. Your comments/suggestions are welcome.
ONGC Long Trendline BreakoutONGC good for long entry at CMP 136.5 with SL 132 and targets of 155, 167 and 200+ levels
ONGC - Supply emerged above 150 in Feb'22This 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%
Ongc swing trade opportunity 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
ONGC BREAK IT'S SUPPORT AND 200 EMA AND DOING RETESTONGC BREAK IT'S SUPPORT AND 200 EMA AND DOING RETEST
Target and Stoploss given
BULLISH HARMONIC PATTERN - ONGC - GREAT ENTRY !Bullish Harmonic Pattern Established, possible targets mentioned in the chart
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur on your trades based on my published ideas.
ONGC Positional view for upsideNSE: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 sell for intraday tradingONGC sell for intraday trading if stock break the given support level................
ONGC 1D TFONGC 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 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 yourself and then decide to take any trades.
My view on ONGCONGC giving breakdown of reverse flag.Looking weak below 135.Target looking 132-130++ very soon.Also keeping on radar ONGC 135 PE
ONGC IndiaSSI Live Trading Series
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ONGC sell for intraday tradingONGC sell for intraday trading if stock break the given support level then we will short the trade........
ONGC - Further fall possible - Windfall TAX & Falling Crude It appears that fall in ONGC will continue..
On 1st July, it was announced that taxes will be imposed on the export of petrol, diesel, and jet fuel shipped overseas by Indian companies. ONGC went down more than 15-17% within two trading sessions following this announcement. FYI- Reliance also saw more than 7-8% fall for the same reason.
There is huge Crude sell of globally - it has fallen more than 11% on 5th July. ONGC will see the impact of this as well on top of Winfall TAX.
On a chart, ONGC has broken the support trendline (weekly).. immediately heavy sell off after this. ONGC chart is also an example of failing inverse head & shoulder pattern. Also heavy call writing at 140 following 130 & 135 levels which will act as resistance for month of July.
Currently it's trading at 125, next support is at 117 and then 108 & 97. Breaking this could take it up to 86 (strong support & fib level) in near future.
LTP - 125, 117- S1, 108 - S2, 97 - S3.. 86 is a major support as per chart pattern.
Buying stocks at 108, 97 or 86 would be good idea for a long term investor though!
ongcas the most of the stocks are and this one as well in the downtrend. on the weekly basis ONGC made big rounding bottom now it is breaking that break out level previous week it tested those levels and went up. and this time it is down with volume at the high side. if it doesnt move above 152 this coming week, it may move towards 131 as per fibo levels.
fundamentally as oil prices are reducing may impact the company.
for now sell on rise as it has made perfect bearish form.
these are my personal views please contact your advisor for taking the position.
Ongc Ongc is trading on its crucial support,if market respect 130 level then we should go blindly long and we can reach 150 in 2 days.
ONGC/ USOIL ratio - Buy ONGCThe ratio has been one way down. What it means is that while oil price is roughly where it was ONGC price has crashed and become totally disconnected from fundamentals. Stock looks cheap if insanity were to subside
ONGC LONGONGC 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 yourself and then decide to take any trades.
ONGC - at support (buy)10-11% dividend yield. Prices in 60usd WTI
Few value stocks available in mkt. This is one of them
