finvestar

Long on ONGC for Long term

Long
finvestar Mis à jour   
NSE:ONGC   OIL & NATURAL GAS
The stock reached ATH of 314.55 on 9th June 2014. It then fell by almost 84% to reach 50 on 13th Mar 2020.

It took support at the lower trend line to reach high of 194.95 on 8th Mar 2022. It faced a correction of almost 38% reaching a 52W low of 119.85. on 6th July 2022.

Recently, it took support from lower end of the channel rising nearly 33.62% in 9 months. Recently it gave a breakout from upper resistance trend line with a large bullish candle rising 4.35% on 10th Apr 2023.

The stock is trading above all short term as well as long term moving averages.RSI is above 60, which indicates bullishness.

Maintain a Stop Loss of 150.55 on daily closing basis.

Potential: 28% to 60%

Commentaire:
Target 1 achieved on 4th Dec' 2023 !
Commentaire:
Target 2 achieved on 2nd Feb'2024 !!
Transaction en cours:
Next Target : ONGC will breach its ATH

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.