GSKASAR

#ONGC - Bullish RSI Divergence on Weekly Chart

Long
BSE:ONGC   OIL AND NATURAL GAS CORPORATIO
ONGC has strong support near 155 zone and stock was trading in a 10 point range for the past 12 weeks. RSI is making higher highs while prices remained stable, which is classic case of bullish RSI divergence. RSI is currently 47 and stock is showing signs of breaking out of this 10 point range. RSI close above 50 will provide further momentum for this stock to go upwards.