yossarian121

ONGC - w log - @ trendline support, bounce likely

Long
NSE:ONGC   OIL & NATURAL GAS
58 views
2
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

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