1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

ONGC

Discussion in 'Technical Analysis' started by verenmitter2001, Jul 10, 2013.

  1. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Hi Shabbir
    i think ONGC can be a good buy @CMP with stop loss of 295
    Whats your view.
    Regards
    Veren
     
    verenmitter2001, Jul 10, 2013
    Share #1
  2. shwetagnema

    shwetagnema Active Member

    Joined:
    Jun 24, 2012
    Messages:
    252
    Likes Received:
    40
    Occupation:
    House wife
    it is going down. until it takes some support, I don't think it is a buy.
     
    shwetagnema, Jul 10, 2013
    Share #2
    shabbir likes this.
  3. shankarpatil

    shankarpatil New Member

    Joined:
    Jun 19, 2013
    Messages:
    7
    Likes Received:
    1
    I think its going down too. It could not break the resistance (around 350) and all the patters, candlesticks , MACD, and RSI are not indicating a uptrend.
     
    shankarpatil, Jul 10, 2013
    Share #3
    shabbir likes this.
  4. Prescilla

    Prescilla Member

    Joined:
    Nov 29, 2012
    Messages:
    25
    Likes Received:
    7
    Hi Veren,

    I don't see any sign of buying it. I can see all red candles and it is in down trend according to me.
    Regards,
    PF
     
    Prescilla, Jul 10, 2013
    Share #4
    shabbir likes this.
  5. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    I will re-iterate what other have said and wait for the support of 290 to hold and then decide if you want to go long in the leg up or not.
     
    shabbir, Jul 10, 2013
    Share #5