1. ONGC has a key resistance at the level of Rs 641 which is its 50 DMA. It has a support at the levels of Rs 614 and if this level is broken than one can see the level of Rs 540 in the stock.
2. However stock has a support at the levels of Rs 550 and Rs 600 and one can use this band to buy this quality Indian stock for long term investment. ONGC is a stock which has got Navratna status as a PSU which speaks of its efficiency and is on the expansion spree across the continents.
28 Dec 2008
Indian Oil exploration stock latest Tip: ONGC: 29 Dec- 02 Jan 2009
Indian Oil exploration stock latest Tip: ONGC: 29 Dec- 02 Jan 2009
2008-12-28T12:21:00+05:30
Analyst
ONGC|
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