I will go LONG on ONGC because: 1) The price is forming a Chanel or Rectangle Pattern . 3) The price is also under Support/Resistance zone. 4) It has touched the support and may reach the resistance zone . 5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 74 First Target - 84 Second target - 92 Stop loss - 70