ONGC - Time to book profits

• ONGC has moved into a zone where the resistance level has crept in. The stock has rallied from 920 to its current levels of 1120.
• Volumes have started to reduce. This is reflected in the OBV chart.
• Though RSI is in a comfortable position, the MACD histogram has started to show slight divergence to its lines.
  
• Long term too, there is a strong resistance lines in the stock at this current level.
  

Hence, the call to book profits on this stock at this point in time.