Target Price: Rs 300
Stop Loss: Rs 272
Stop Loss: Rs 272
ONGC has given a breakout of Symmetric Pattern in the northern direction, indicating an uptrend, with volume supporting the price action. On the average front, the price is trading above the Fast (50) and Slow (200) EMA indicating an uptrend in the security.
The RSI is trading at the higher level, which indicates a bullish trend.
(Kunal Kamble, Sr. Technical Analyst, Bonanza Portfolio)
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