ONGC has given breakout from falling trendline with huge volume. Also it is trading above 10 & 20 WEMA which is in positive mode (crossover). It is also trading above 50 WEMA. On upside 184-185 is major resistance zone which is close to falling long term resistance line. RSI is showing that still some upward heat is left in counter.
One can buy ONGC in between 165-163 zone with stop loss below 157 for target 177-180-184.