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OIL AND NATURAL GAS CORP.
Long

ONGC - w log - @ trendline support, bounce likely

By yossarian121
Updated
ONGC trading cheap vs crude, fair value close to 230-240 @ current crude levels. P/BV @ almost 1.0.
Dividend yield of 3.4%
Trade closed manually
Close long trade at open. Stock not responding to Oil strength
Note
Longs closed at right time. Stock getting hammered in spite of crude rallying
Trend Analysis
yossarian121

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