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amaansiddiqui45
Feb 19, 2021 6:02 AM
Target 150 | CUP & HANDLE | FLAG & POLE | DOUBLE BOTTOM
NSE:ONGC
1D
OIL & NATURAL GAS
NSE
Description
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Feb 19, 2021 6:02 AM
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.
Trend Analysis
Chart Patterns
Technical Indicators
target
cupnhandle
Flag
Double Bottom
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