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Buy ONGC on dips for target of Rs 1040-1060: Finquest

Posted on: July 14th, 2009 and is filed under Brokerage Recommendations.

MUMBAI: Finquest Securities has advised traders to buy ONGC on dips for target of
Rs 1040-1060.

“ONGC is testing its rising testing drawn across prior bottoms of Rs 637 (5 Mar) and Rs 802 (15 May). As long as the rising trend line holds true, ONGC can edge higher towards Rs 1040/1060 levels. Buy ONGC on dips for target of Rs 1040-1060 and keep stoploss below Rs 960,” said the report.

source: Economictimes

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