Buy ONGC at 288-289 levels: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, talks about various stocks.

ET Now: What is your take on ONGC?

Mitesh Thacker: ONGC is showing good strength. In fact, in the entire falling market, it is outperforming the indices. I would wait for the stock to get pass and trade about 288-289 and then one can see good momentum to probably levels of 300 or even 306. That is the price target and once it breaks out, buy it with a Rs 4-5 stop loss.