ONGC does not really look exciting: Rajat Bose
"ONGC if you look at from an intermediate or medium term perspective, the stock is still weak and it would be very difficult for the stock to really cross 1230 to about 1250 range."
By 
|
| Rajat Bose, rajatkbose.com in an interview with ET Now talks about ONGC.
A chart check on ONGC at 1196?
ONGC if you look at from an intermediate or medium term perspective, the stock is still weak and it would be very difficult for the stock to really cross 1230 to about 1250 range but I would be watching out whether the delivery volumes are good today.
That it has shown a good recovery from lower levels and is already up considerably but then I still see a possibility of this stock tasting 1080 odd levels going forward. So this is a play for the scalpers or very short term traders. Day traders, there is no more opportunity left in today’s trading at least on the long side. So barring that, ONGC does not really excite me.
A chart check on ONGC at 1196?
ONGC if you look at from an intermediate or medium term perspective, the stock is still weak and it would be very difficult for the stock to really cross 1230 to about 1250 range but I would be watching out whether the delivery volumes are good today.
That it has shown a good recovery from lower levels and is already up considerably but then I still see a possibility of this stock tasting 1080 odd levels going forward. So this is a play for the scalpers or very short term traders. Day traders, there is no more opportunity left in today’s trading at least on the long side. So barring that, ONGC does not really excite me.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
