Nooresh Merani of AMSEC told CNBC-TV18, "On the shorter term charts ONGC is trending between a zone of Rs 250 on the downside and Rs 300 on the upside. But on a longer term basis Rs 240-250 seems to be a good base and one should remain invested."
"We could be looking at the stock at Rs 350 plus levels in the longer run. So I would prefer to hold on to the stock and even look towards a buying zone around Rs 250," he added.
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