Stock of the day : Oil and Natural Gas Corporation Ltd For Target Rs.200 - Religare Broking Ltd
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Oil and Natural Gas Corporation Ltd
* ONGC has been in steady upmove from last more than 5 months and trading near 52 week high levels.
* Post steady upmove, it is now consolidating in a defined range holding above its short term moving average ribbon.
* Price action coupled with positive positioning of momentum indicator suggests bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned zone.
BUY Oil and Natural Gas Corporation Ltd CMP 188.80; Range 188-190; SL 183; Target 200
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SEBI Registration number is INZ000174330
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