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.