Technical Name: Oil and Pure Fuel Company – BUY

Lengthy-term buyers should buy Oil and Pure Fuel Company (ONGC) (₹286) at present ranges. The inventory has been in a powerful uptrend since April 2020. The worth motion from July 2015 to November 2023 signifies an inverted head and shoulder reversal sample. This can be a bullish sample. The robust surge since December final 12 months has confirmed this sample thereby turning the outlook bullish. Robust help is within the broad ₹210-₹180 area. The neckline help of the inverted head and shoulder sample can also be poised on this area. As such a fall under ₹180 shall be very troublesome. So, any sharp correction, if seen, shall be restricted to this help zone. Additionally, such corrections shall be a great alternative to build up this inventory. Transferring common cross overs on the chart additionally strengthens the bullish case. ONGC share value has potential to focus on ₹480 over the following two years. Lengthy-term buyers should buy ONGC now at ₹286. Accumulate on dips at ₹230. Hold a stop-loss at ₹170. Path the stop-loss as much as ₹320 when the worth goes as much as ₹380. Transfer the stop-loss additional as much as ₹390