ONGC B/O and retest. Rising fuel price may help

ONGC Chart Breakout: A Fresh Opportunity?
After months of downward movement, ONGC seems to have turned the corner.

Here’s what we’re seeing:

Breakout from a falling trendline
Retest completed successfully
Momentum is building up
Higher lows indicate strong demand

What’s the Game Plan?
Entry Zone: Around ₹255–₹258 (current levels)
Target 1: ₹270–₹275
Target 2: ₹290
Target 3: ₹315
Target 4: ₹345 (long-term)

Risk Management
Conservative Stop Loss: ₹245
Aggressive Stop Loss: Below ₹235

This helps manage risk in case the trade doesn’t play out as expected.

Final Thoughts
We’re seeing a technical breakout supported by strong price action and momentum indicators. While short-term volatility is possible, the structure looks strong for a medium-term swing.


This is not a stock recommendation but a technical insight for educational purposes.