ONGC - w log - @ trendline support, bounce likely

ONGC trading cheap vs crude, fair value close to 230-240 @ current crude levels. P/BV @ almost 1.0.
Dividend yield of 3.4%

Trade closed manually:

Close long trade at open. Stock not responding to Oil strength

Comment:

Longs closed at right time. Stock getting hammered in spite of crude rallying