kacharts
Short

ongc- breakdown

NSE:ONGC   OIL & NATURAL GAS
any pullback towards 174 should be used to short sl 176 target 155
Comment: ongc cracking badly
Comment:
Comment:
Trade closed: target reached

Comments

it is again around 174 ..... and i am going short tomorrow...
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Can anyone believe this Oil is rising and ONGC is dipping.. .. ..
Reply
@yndesai, Oil is rising would not not help ONGC as the international prices are rising therefore margins remained the same. Stock price is dipping on fear that Govt can take some decision to control the Oil price which would adversely affect the margins of ONGC.
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