Stock of the day : Oil and Natural Gas Corporation Ltd For Target Rs.304 - Religare Broking
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Oil and Natural Gas Corporation Ltd.
* ONGC has remained in a corrective phase from past more than 3 months after witnessing stellar run.
* The stock has recorded a breakout from intermediate falling resistance trendline and brief consolidation range.
* Considering price action and uptick in volume, prices looks set to register a breakout to record high levels.
* Traders can consider fresh longs in the mentioned range.
Buy Oil and Natural Gas Corporation Ltd CMP 288.20 Range 287-289 SL 280 Target 304
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SEBI Registration number is INZ000174330
