Stock Radar: Buy on Dips! Should you buy ONGC stock after over 20% fall from highs?
ONGC is showing signs of recovery after a 20% fall. Experts suggest buying for a target of Rs 295 in the next 3-4 weeks. With bullish momentum and trendline breakout above 265, it is recommended to buy with a stop loss below 260.
Synopsis
Oil & Natural Gas Corporation (ONGC) is showing signs of recovery after a 20% fall from its peak. Experts suggest short-term traders to buy the stock, targeting Rs 295 in 3-4 weeks. The stock has reclaimed crucial short-term moving averages, indicating bullish momentum.
Oil & Natural Gas Corporation (ONGC), part of the oil & gas space, is showing signs of bottoming out after over 20% fall from the highs.Short-term traders can look to buy the stock for a target of Rs 295 in the next 3-4 weeks, suggest experts.ONGC share price hit a high of Rs 344 on August 1, 2024, but it failed to hold the momentum. The stock closed at Rs 263 on January 9, 2025 which translates into a fall of over 23%.The stock breached most of
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