ONGC

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by shubham, May 16, 2016.

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  1. shubham

    shubham Member

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    Since april crude oil prices are moving north, it appears crude has formed a bottom and now consolidating.
    Can I buy ONGC at current level @ 200?? or should i wait?? or avoid it??
     
    shubham, May 16, 2016
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  2. w4wealth

    w4wealth Well-Known Member

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    logic is valid. i would say you can buy small qty now. patience required.
     
    w4wealth, May 17, 2016
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  3. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    It is risk because nobody can predict crude price. If you have risk taking mindset it is ok to take risk otherwise it is dangerous. Better stick with pharma and NBFC and HFC stock where you make 20% CAGR with no tension.
     
    Srouta Mukherjee, May 17, 2016
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  4. shubham

    shubham Member

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    shubham, May 17, 2016
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