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Monday, 23 March 2015

ONGC - Daily chart analysis


OIL & NATURAL GAS CORP LTD 

Ongc for the last 2 months period in negative mood. But for the last 3 days this stocks shows some strength by volume and  price movement

As of now first resistance of this stock will be 315.5 wait for the cross over to happen with good volume. If it stays above this levels with good support and volume we can see fresh buying coming inside and takes the stock up.

ONGC will support the market to move up to some extend today. Lets wait and watch......

Stop loss for positional traders will be 308.90 on closing basis.

Keep an eye on this Stock for good returns


This is only for educational purpose analysis. we are not having any holding in this company.  
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