Enter ONGC at Rs 960-1000: Gujral
Published on Wednesday, October 1st, 2008 at 7:39 AMAuthor: admin (5507 Articles)
Technical Analyst, Ashwani Gujral is of the view that one should enter ONGC at Rs 960-1000.
“ONGC has been a rank underperformer for last four years and unless you get in at the right price, it is not very easy to make money on it. So Rs 960 to about Rs 1,000 is a right price to get in and Rs 1,125-1,130 is the price to get out. So if the investor can afford to invest below Rs 1,000 that is the time to enter and once he/she makes 150 points on the upside that is the time to exit. So I don’t think at Rs 1,100 one will make too much money from there.”
Disclosure: Analyst doesn’t hold the above stock.
Source : MoneyControl
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