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16-04-2024 09:26 AM | Source: Religare Broking Ltd
Stock of the day : Oil and Natural Gas Corporation Ltd Ltd For Target Rs. 294 - Religare Broking

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Oil and Natural Gas Corporation Ltd

* After reaching its peak, the stock consolidated for nearly a month creating a strong base at higher levels.

* The stock has registered a breakout from the pennant pattern with significant rise in volumes.

* It has also formed a fresh buying pivot while holding above its short term moving average.

* Following price action and volumes activity, price is set to resume its prevailing trend.

Buy Hero Oil and Natural Gas Corporation Ltd CMP 279.85 Range 278-280 SL 272; Target 294

 

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