Get started
amaansiddiqui45

Target 150 | CUP & HANDLE | FLAG & POLE | DOUBLE BOTTOM

OIL & NATURAL GAS (NSE:ONGC)  
amaansiddiqui45  
NSE:ONGC   OIL & NATURAL GAS
Trend Analysis Chart Patterns Technical Indicators target cupnhandle Flag Double Bottom
4
0
trendanalysis chartpattern indicator target cupnhandle flagpattern doublebottom
The brokerage values ONGC NSE -0.45 % at 4x FY23E EV/EBITDA to arrive at Rs130 TP, assuming USD2.3/2.7 APM prices for FY22/23. Under a blue sky scenario - USD60/bbl Brent, USD3.5/mmbtu gas price and KG-DWN-98/2 ramp up, FV comes above Rs170/sh.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.