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