DoublebassmaniawithPranav

ONGC back in bull mode - Brent Oil Sluggish

Long
NSE:ONGC   OIL & NATURAL GAS
For ONGC to run, Brent Oil Futures have to be running to. it’s quite simple.

Right now, Brent Oil Futures are, well consolidating but when brent runs, ONGC is ready to touch at least 125 for the starters.

Let’s see, I am a little biased because of few calls I am holding but overall pattern looks quite convincing, remember, yea stock bahut frustrate karata hai.. Writing a Put or a call is much better than just buying a call or a put.. Bears are very very active in this stock; no reason makes sense.


*This is a view from a newbie trader. Please do not take this as a trading advise. Do trade your hard-earned money on recommendation of a registered stock market expert.
Trade closed: target reached: Much much ahead of target

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