OIL AND NATURAL GAS CORP.
Panjang

ONGC Short Term Reversal Trade

112
The stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zone and target is place near swing and channel high.

Try To Exit before earnings disclosure if profit reaches around 10%.

Note: As the market is under selling pressure, enter only after confirming a reversal.

Penafian

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