Enter fresh long for ONGC; target 1300-1320: Jitendra Mehta

Jitendra Mehta, Technical Analyst, Edelweiss in an interview with ET Now talks about ONGC.

What would your targets be like for ONGC and going forward the earnings outlook there as well?

ONGC was actually facing a very strong resistance on 1200 and today, it has just taken off very nicely. ONGC is one stock which might have some more upside left. If it corrects on 1240 levels, one can just enter fresh long here for target of 1300-1320 levels.