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OIL AND NATURAL GAS CORPORATIOOIL AND NATURAL GAS CORPORATIOOIL AND NATURAL GAS CORPORATIO

OIL AND NATURAL GAS CORPORATIO

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ONGC trade ideas

ONGC a good bet for Value InvestorsONGC is available at a value zone which is a supply turned demand zone for value investors. It can be a good bet but a risky one as it's a high beta so avoiding going in with all money should be preferred and accumulating it in a slowly and steadily manner. The recent price action is however still not so bullish so a confirmation candle will give you a headscarf to accumulate more with time and patience. Fundamentally as well it has shown a great progress in terms of growth that is a steady increase in ROA, ROE, Growth, net margin, etc. which makes it suitable for investing. Also it is a high dividend paying stock as well with an annual yield of 7.69% Accumulating levels are around 120 and entry should be made in proportions. Not a Financial Advice. Kindly do your own research! Thanks for reading.
NSE:ONGCLong
by UnknownUnicorn21160479
2
ONGC: Inverted Head & Shoulders in the making???ONGC The stock is looking poised to make an Inverted Head & Shoulders pattern. Important levels to watch out for 188-194...sustaining above that level would strongly increase the chance of stock exploding on the up side... Take care & safe trading..!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ONGC
by indiamarketoutlook