ONGC Range Market with Gann Grid

Published on

ONGC share price analysis (Oil and; Natural Gas Corporation Ltd.): Today market was staying with a range area of Rs. 190 to Rs 187 (price change -1.46%) Based on our Gann Intraday Pivot Calculation, there was a natural square price grid stock resistance around 191.24 and stock support around 187.80.

Market day high was 191.10 which was very close to the resistance level of 191.24. Then day low as at 187.50 which also very close to the wd Gann grid support level of 187.80. Also very close to 187.26 major S1

Indicator Used:

Chart Analysis:

ONGC share price
ONGC – NSE (India) technical analysis

Above is the stock chart of ONGC at NSE(National stock exchange), among Nifty 50 listed large capitalized stocks. As you can see, we have marked the range area on the chart with the Gann grid pivot support and resistance lines. These lines are acting as range upper and lower levels.

At this point, we can see the market had created a bottom of Grid S1 level. Then it created an intraday top at B area. Again it created another double top at C area of the same resistance grid R1. Then finally fallen up to D area which is again the grid S1.

Profit Opportunity:

From all these points market had moved at least Rs.2 to Rs.2.5 per share. That is almost a 1% intraday gain with these trades.

Different Stock Analysis

Check different types of stock analysis with our expert indicators. In detail technical analysis with charts and fundamental studies.

Reliance Accurate Intraday Low With WD Gann Pivot
Reliance Accurate Intraday Low With WD Gann Pivot

Dec 7, 2017

Indicator Used: WD Gann Pivot Points Today based on our WD Gann pivot point indicator, we have plotted Reliance (Reliance Industries Ltd.) daily support and resistance level on today’s chart. The market opened at 930.05. After opening within next hour reliance share price was trending upward. Chart Setup: We have used Zerodha Pi trading platform […]

Latest posts

Check all recently updated & newly posted forex articles, forex trade analysis, MetaTrader indicator manual update.



Last updated on March 21, 2023

ONGC Range Market with Gann Grid
Market Analysis | Tagged

ONGC Range Market with Gann Grid

Last updated on March 15, 2023

Top New IPO 2023

Last updated on March 6, 2023

0 0 votes
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x