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Published on 26/11/2018 10:30:57 AM | Source: Religare Securities Ltd

Buy Oil & Natural Gas Corporation Ltd For Target Rs.3.00 - Religare Sec

Posted in Broking Firm Views - Short Term Report| #ONGC #Oil and Gas Sector #Trading Report #Religare Securities Ltd

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Oil & Natural Gas Corporation Ltd 

ONGC has been underperforming for last four years. After spending nearly two months under consolidation, it looks all set for fresh decline. We advise creating fresh shorts in the given range through Put option.

Recommendation

Buy Oil & Natural Gas Corporation Ltd 150PE @ 1-1.5 Stoploss 0.5 Target 3 CMP 1.40

 

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