Technical Views on HZL and ONGC

By | July 11, 2011

Hindustan Zinc

HZL has been in sideways trading range from a High of 140 and low of 128 and has been consolidating in this range.

Stock is near its lower end of trading range and can be bought looking at previous trading History

Buy above 128.2 Tgt 130,132 and 135 Sl 127.5

Sell below 127.5  Tgt 124 ,122 and 118

 

ONGC

 

ONGC is trading around its resistance zone of 280.5 where it has formed a double top also which is a bearish sign again

Sell below 280.6 Tgt 278,275 and 273

 

 

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