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ONGC likely to cross 160

Long
NSE:ONGC   OIL & NATURAL GAS
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ONGC has given a breakout from trading range. The stock may touch Rs . 165. However, breakout is on low volume and RSI is already at peak levels. So the stock may fall to test the 150-level before making the move.
Comment: ONGC made a low of 147 after breaking out. Buy the stock with a stoploss below 147
Trade closed: stop reached: Stoploss hit.

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