Paul told CNBC-TV18, "ONGC doesn't move so fast either on the up or the down side. It has managed to break above that Rs 260 mark. As long as the stock stays above the Rs 280 mark the chances of the stock inching further up is much higher."
He further added, "Even if it dips down a bit, because it had a pretty good run close to that Rs 275 -280 is where the short term supports are. On the upside Rs 305 is the level that the investor should look for. As I said it is one stock that moves very slow both on upside and downside, the key is to sustain above Rs 280 now."
