Buy ONGC, target price Rs 290: Anand Rathi

Anand Rathi recommends a buy call for Oil and Natural Gas Corporation (ONGC), setting a target price of Rs 290, as the stock exhibits strength after breaking its consolidation range. Technical indicators, including the RSI and EMA, suggest bullish momentum. Investors are advised to consider a long position with a stop-loss at Rs 235 to manage potential risk.