Fundamentals
1. Expensive evaluation, but this is the 2nd largest oil refinery company
2. Long term is a buy
3. Higher crude prices better for ONGC
4. Higher profits should come up in the future for ONGC(unless crude falls). Sales result has been good, with the highest EPS ration in this sector.
5. Dividends are regular, and the financials look good for hold of a 2years+
6. Have to keep a watch on YoY profits
Technical
1. Weekly time frame its in uptrend
2. Daily time frame it’s a DOJI
a. Long if PDH(181) is broken with SL at PDL(172.35) or Short if PDL is broken with SL at PDH
OI
1. Sell 190 CE at 2.5
2. Sell 165 PE at 1.8
Hedge
Long ONGC futures above 195 (wrong line in chart)
Short ONGC futures below 153
1. Expensive evaluation, but this is the 2nd largest oil refinery company
2. Long term is a buy
3. Higher crude prices better for ONGC
4. Higher profits should come up in the future for ONGC(unless crude falls). Sales result has been good, with the highest EPS ration in this sector.
5. Dividends are regular, and the financials look good for hold of a 2years+
6. Have to keep a watch on YoY profits
Technical
1. Weekly time frame its in uptrend
2. Daily time frame it’s a DOJI
a. Long if PDH(181) is broken with SL at PDL(172.35) or Short if PDL is broken with SL at PDH
OI
1. Sell 190 CE at 2.5
2. Sell 165 PE at 1.8
Hedge
Long ONGC futures above 195 (wrong line in chart)
Short ONGC futures below 153