ONGC ANALYSIS 15 MARCH

It is 8 yrs chart showing the support and resistance.

There are also some good resistances considerable for current level.

This is 1 yr daily chart showing the first one "the positive divergence" and second one "the bullish divergence".

My opinion:
This is the third time when this stock is on current price level. Previously it couldn't find any good support to go up from this level. But now it is making double bottom and showing bullish divergence.
But we should remember that two times before the market didn't support this stock to go up from this level.
I don't think that we should take risk on this stock now.