Kaustubh
Long

ONGC IOC Enerrgy Oversold

NSE:ONGC   OIL & NATURAL GAS
ONGC             specifically has retraced 61.8% of the rally.
Considering the energy sector rallied on Friday in US session, this is likely to bump up on Monday and likely to follow through over next couple of sessions.
165 is the short term target. Leveraged trade for adventurous ones as this is expiry week.
Purely a short term play though. Not buy and hold by any means.
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