ONGC Near falling wedge pattern 1: 8 Risk reward long setup

Oil and Gas sector retested the flag pattern breakout.

ONGC also had retested breakout given earlier and last daily candle showing rise in volume with positive closing.
ONGS also formed falling wedge pattern and we are near breakout of the pattern.

I see 1: 8 potential up side trade.

*SWING TRADE*
Buy ONGC 285
Stop Loss: 279
Target 1 (1:2) 299
Target 2 (1:4) 313
Target 2 (1:6) 325
Target 2 (1:8) 340

_Duration 2-3 months_

Trade as per your risk-taking capacity.