As per Ranking i am getting admission In oriental college of tech Bhopal, as per rules i still hold a chance to wait for upgradation (twice)

As per Ranking i am getting admission In oriental college of tech Bhopal, as per rules i still hold a chance to wait for upgradation (twice) for my preffered colleges, i want to know in case i wait for upgraded college and did not find the college of my choice do i still be eligible to take admissio