Buy ONGC for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡About Company:
Oil and Natural Gas Corporation Limited specializes in the exploration and production of crude oil and gas. The Company has joint ventures in oil fields in Vietnam, Norway, Egypt, Tunisia, Iran and Australia.
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💡Future Outlook:
ONGC’s topline performance is expected to register growth over the forecast period mainly due to the recovery in crude volumes and increase in realization. Revenue from Natural gas and Value-Added products is expected to improve due to the minimization of supply chain disruptions globally. This along with a possible hike in natural gas prices could drive the performance further.
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✔️ Technically & Fundamentally Strong💪💪
The company recently posted an Amazing Q3 Result.
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‼️ The stock gave a Multi-Year breakout in Oct 2021 and then it was in a retracement phase. With the recent start in the trend, a strong rally is expected from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Like, Comment & Share 😄😄😄
Comment your views‼️😄
.
💡About Company:
Oil and Natural Gas Corporation Limited specializes in the exploration and production of crude oil and gas. The Company has joint ventures in oil fields in Vietnam, Norway, Egypt, Tunisia, Iran and Australia.
.
💡Future Outlook:
ONGC’s topline performance is expected to register growth over the forecast period mainly due to the recovery in crude volumes and increase in realization. Revenue from Natural gas and Value-Added products is expected to improve due to the minimization of supply chain disruptions globally. This along with a possible hike in natural gas prices could drive the performance further.
.
✔️ Technically & Fundamentally Strong💪💪
The company recently posted an Amazing Q3 Result.
.
‼️ The stock gave a Multi-Year breakout in Oct 2021 and then it was in a retracement phase. With the recent start in the trend, a strong rally is expected from current levels.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄