ONGC stock started alert to buy signal on daily basis on chart for 9 Aug 2015

Daily chart



  • Buy signal generate on eod system
  • Buy above 284 level ( Candle high )
  • Time frame : 3-5 days
  • Target as per fib. Level : 292 / 299
  • Note : ONGC stock chart shows positive divergence found on daily and weekly basis 

Weekly chart



  ONGC closed up  11.900 at 282.850.  Volume was 148% above average (neutral) and Bollinger Bands were 10% wider than normal. 


  • Open     High      Low     Close     Volume___
  • 270.000  283.950  269.550  282.850   9,429,145

  • Technical Outlook 
  • Short Term:               Neutral
  • Intermediate Term:    Bearish
  • Long Term:               Bearish

  • Moving Averages: 10-period     50-period     200-period
  • Close:                      271.85         297.27         332.18
  • Volatility:                    41               30               36
  • Volume:                 4,880,954      3,387,095      4,241,780




   ONGC is currently 14.8% below its 200-period moving average and is in an downward trend.  Volatility is extremely high when compared to the average volatility over the last 10 periods.  There is a good possibility that volatility will decrease and prices will stabilize in the near term.  Our volume indicators reflect volume flowing into and out of ONGC at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on ONGC and have had this outlook for the last 26 periods.    Our momentum oscillator has set a new 14-period high while the security price has not.  This is a bullish divergence.  



ONGC stock started alert to buy signal on daily basis on chart for 9 Aug 2015 ONGC stock started  alert to buy signal on daily basis on chart for 9 Aug 2015 Reviewed by Money99 on 10:27:00 Rating: 5

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