ONGC - Price closed above the trendline.
Price is trying to reach ATH. 300 - 295 levels may see profit booking.
Accumulate till 261 will become buy average of 270. Keeping 257 SL and immediate target of 295 - 300 gives 1:2 setup.
If price doesn't come down for accumulation or if SL hits then get out of the trade do not stick to it.
Keep an eye on OILINDIA too.
Market is already seeing profit booking in some of the stocks. Be careful.
I am not taking trade in this. I invested 10K in Quant PSU Fund for 1 year, will add another 10K to average if price falls. So skipping PSU stocks trades except for some already invested stocks.
Price is trying to reach ATH. 300 - 295 levels may see profit booking.
Accumulate till 261 will become buy average of 270. Keeping 257 SL and immediate target of 295 - 300 gives 1:2 setup.
If price doesn't come down for accumulation or if SL hits then get out of the trade do not stick to it.
Keep an eye on OILINDIA too.
Market is already seeing profit booking in some of the stocks. Be careful.
I am not taking trade in this. I invested 10K in Quant PSU Fund for 1 year, will add another 10K to average if price falls. So skipping PSU stocks trades except for some already invested stocks.