ONGC hits near 3-yr low; chart suggests more downside
Shares of oil explorer Oil and Natural Gas Corporation fell as much as 1.8 per cent to ₹ 131, their lowest since March 3, 2016
The stock has broken below the support level at ₹134.65, the 138.2 per cent Fibonacci projection level of the downtrend from January 31, 2017 high to June 27, 2017 low
In the near term, stock has support at ₹127.95 and then at ₹121.25, identified as the 150 per cent and 161.8 per cent projection levels
