ONGC achieved another target on upside

https://ganninsides.com/2024/07/08/ongc-achieved-target/

ONGC prints 324 today and accomplished another target on upside.
Since mid june I have been bullish on this STOCK and it has done well.
still dont think upsides are done yet.
A close above 331 here could trigger another 10% upside which can take it closer to 360.
A fresh entry wont be ideal at current rates better to wait for an ideal pullback for that.

ONGC UPDATE

ONGC has been one of the strongest STOCK in whole of PSU sector baaring DEFENSE,

technicaly setup is strong and during next few days we would continue to expect further higher highs here above MAY high of 292,
Looking at its pattern placement we would prefer to buy this STOCK at CMP and on dipps till 260 for potential target objectives of 300 and 324 on cash in coming days and weeks.

ICICI BANK UPDATE

ICICIBANK possibly squared out its PRICE with TIME at its 30th,APRIL high,


this PRICE and TIME SQUARING has happened from 2023 lows  so the significance of APRIL high of 1169 is quiet massive, if STOCK sustains below this level for couple of more weeks then it could retrace its entire upmove from 2023 lows.
For near term 1100 is a key pattern support once that breaks stock should drift lower towards 1053 and 1005 on cash in next few days!

DLF approaching a medium term reversal

DLF is approaching its significant multi pattern support which stands at 800 on cash,  800 is a medium term support here, if that breaks STOCK should enter in medium term corrective phase  which ideally would retrace decent portion of the entire advance from 2023 lows. for short term  once 800 breaks we should get stock towards pattern objectives of 767 and 735 in next few days.
Watch out!