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* On an hourly scale, the stock has given a breakout of its upper band of Symmetrical Triangle formation which shows stock may accelerate in coming trading sessions.
* On a daily chart, the stock has given a breakout of its range bound movement which shows further upside movement can be seen in the counter.
* Moreover, the stock is sustaining above its 200 Days Exponential moving average which signifies positive trend in the stock.
* A daily momentum indicator RSI reading is at 63.35 level with a positive crossover and trending upward which points out for a positive breath in the counter.
* Based on the above technical structure, we are expecting a good upside movement in the counter in Approx. one week.
Buy Oil and Natural Gas Corporation Limited @ 161.50-163.75 SL 156.80 TGT 177.50 CMP 163.75
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