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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SEBI Registration number is INZ000174330
