BUY : ONGC-EQ( ONGC ) [2475]

📈 BTST TRADE ALERT – LONG
🔍 Stock: ONGC Ltd (ONGC EQ)
📅 Date: 15th October 2025
🧠 By: Manjushri Sharma | Equity Guru MS
📜 SEBI Reg. No.: INH000019497

💡 Trade Setup

🔍 Technical Insight

• Price Action: ONGC has shown strong recovery from lower support zones near ₹243 with consistent higher lows on the hourly chart.

• Trend Structure: The stock has broken out above short-term consolidation, indicating renewed buying interest.

• VWAP & EMA Alignment: Price is trading comfortably above VWAP and 20 EMA, reflecting sustained bullish momentum.

• Volume Confirmation: A visible rise in buy-side volumes in the last session suggests institutional accumulation.

• Support Zone: ₹243–₹244 remains a crucial demand zone and ideal stop-loss area.

📘 Trading Strategy

✅ Buy Zone: ₹247.50–₹248 range
🚫 Stop Loss: ₹243
🎯 Target 1: ₹252 → Book partial gains (50%)
🎯 Target 2: ₹257 → Hold remaining quantity for extended gains
📊 Risk Management: Move SL to cost once T1 hits.
🕒 Timeframe: BTST / Short-term positional

⚠️ Important Notes

❗ Enter only if the stock sustains above ₹247.50 with good volumes.
🔄 Avoid chasing gaps; prefer intraday retracement entry near VWAP.
🚫 Always maintain SL discipline and avoid over-leveraging.

🔐 Issued by:
Manjushri Sharma
📈 SEBI Registered Research Analyst
📞 6269562635 | 📧 sharma.manjushri@gmail.com
Equity Guru MS | All-in-One Elite Premium Cash Call

RA Name: Manjushri Sharma

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