08 January, 2007

ONGC

One of the few frontliners to be showing strength, ONGC broke above its resistance at 895 and after hitting an intraday high of 908 on friday, it closed the week above 895. It achieved the targets given earlier on 25th Dec in the process. This has opened the upsides for the scrip and we should see it target 940 once it clears the 915 levels, with an eventual target of 980, with stops placed at 860.

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