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Published on 7/11/2019 9:44:29 AM | Source: Religare Securities Ltd

Sell Oil & Natural Gas Corporation Ltd For Target Rs.136 - Religare Securities

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 Limited (ONGC)

ONGC has been trading with negative bias for the last one year. It has witnessed decent rebound of late but couldn’t surpass the resistance barrier at 100 EMA on the weekly chart and formed a fresh shorting pivot. We thus advise creating fresh shorts in the mentioned zone.

Recommendation

Sell Oil & Natural Gas Corporation Ltd Futs@ 145-147 SL 150 Target 136 CMP 144.05

 

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