1) Listing of ONGC Videsh on foreign exchange will reprice the stock
2) Iran sanctions coming up in Nov 2018 ; which shall increase global crude price
3) Stock has been undervalued for long time because of HPCL takeover and possibility of govt levying oil subsidy
4) stock has broke 5 months trendline with good volumes5
SL -170 Risk reward ratio looks favorable
2) Iran sanctions coming up in Nov 2018 ; which shall increase global crude price
3) Stock has been undervalued for long time because of HPCL takeover and possibility of govt levying oil subsidy
4) stock has broke 5 months trendline with good volumes5
SL -170 Risk reward ratio looks favorable
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