ONGC is breaking out from an Inverse H&S pattern on the monthly time frame. Breakout point is ₹ 174. Enter at the current price of ₹ 183 with the resistance 1 of ₹ 205. A breakout above ₹ 205 could lead to target of ₹ 280. Stop loss at ₹ 165 on the closing basis.
