ONGC - w log - @ trendline support, bounce likely

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ONGC trading cheap vs crude, fair value close to 230-240 @ current crude levels. P/BV @ almost 1.0.
Dividend yield of 3.4%
Dagangan ditutup secara manual
Close long trade at open. Stock not responding to Oil strength
Nota
Longs closed at right time. Stock getting hammered in spite of crude rallying
Trend Analysis

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