Sustaining above 119 opens up door for the stock for targets of 128 / 136
Trading strategy If you are a short term trader Consider buying after break out confirmation
If you are medium term investor types and can have patience consider buying on dips.
You can refer my earlier views on ONGC that are listed below
Take care & safe trading...!!!
Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be