ONGC - Crude breakout
Post OPEC's fresh production hike crude went up further instead of going down. Saudi has hiked prices to Asia for its crude so prices don't seem likely to fall in the immediate future.
This bodes well for ONGC which will post historical earnings this quarter. (backed by $6 gas prices)
Expect the stock to at least attempt to touch the channel top of 160.
Long above 152 with SL below 150.
This bodes well for ONGC which will post historical earnings this quarter. (backed by $6 gas prices)
Expect the stock to at least attempt to touch the channel top of 160.
Long above 152 with SL below 150.
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