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24-05-2024 10:19 AM | Source: Religare Broking Ltd
Stock of the day : Oil and Natural Gas Corporation Ltd. For Target Rs.300 - Religare Broking

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Oil and Natural Gas Corporation Ltd.

*  We are seeing strong action in the PSU basket and ONGC is expected to witness fresh upward momentum hereon.

*  After a strong rally, stock has been witnessing price and time wise correction from last more than 2 months.

*  Following price action and volumes activity, price looks set to register a breakout from the corrective phase and resume its prior trend.

*  Traders can consider fresh longs in the mentioned range.

Buy Oil and Natural Gas Corporation Ltd.CMP 283.45 Range 283-285 SL 276???????; Target 300???????.

 

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