BombayBulls
Long

Oil & Natural Gas Corporation ( ONGC ) - Time To Buy - 8/19/2016

NSE:ONGC   OIL & NATURAL GAS
114 0 3
After a long slide from 450 to 200, finally it looks like ONGC             ( Oil             and Natural Gas             Corporation of India ) wants to go higher or at least stabilize near this band. We are dabbling with long entries scattered near 220. There is still lot left in the tank if stock starts moving in the right direction.
Next significant hurdle comes in around 260 and after that 280 - 300. We are jobbing this 220/240 level but will take partial profit near 260 first and then reevaluate the situation. Meanwhile we are willing to keep the strong buy side bias until 220 is supported.
Other recent trades in long stocks are ICICI bank, Cipla Ltd. Dr             Reddy's Laboratories Ltd still toying around our entry price of 3000 but with covered call selling during the bounce and doing some back and forth near that level it is looking good. Besides Pharmaceutical is the only sector where we buy more stock on every sizeable dip without any serious concerns and we have laid out reasons for that in our previous blogs. These stocks are for long term holding and the lower the price the better the bargain !
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out