Overall Technical outlook

Price Summary

2025-05-30, saw ONGC's stock open at 243.04, hit a peak of 245.19, fall to a low of 238.89, and close down -1.5% at 239.4, with 10103676 shares changing hands.
For the 52-week period, the stock's highest price is 341.75, and the lowest price is 219.84.
30 analysts forecast that the price of ONGC will range from 190.0 to 375.0, with an average expected price near 293.13333.

Technicals

Support and Resistance: The price of 239.4 is supported at 237.1 and encounters resistance at 248.68. This suggests key levels where the price might find stability, with 237.1 providing a base and 248.68 acting as an upper boundary for ONGC.
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Support/Resistance for ONGC


Aroon: The current state of the AROON is neutral for ONGC, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements.
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Aroon chart for Oil and Natural Gas Corporation Limited


Bol. Bands: The BOLL BANDS is currently in a neutral position for Oil and Natural Gas Corporation Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent.
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Bolinger Bands chart for Oil and Natural Gas Corporation Limited


Parabolic SAR: The PSAR has reversed from bullish to bearish, signaling a potential trend reversal for ONGC. This shift could indicate a strong bearish trend if supported by other market indicators. Traders should be vigilant and wait for further signs of a downturn before making decisions.
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Parabolic Stop and Reverse chart for Oil and Natural Gas Corporation Limited


Stochastic: The current state of the STOCHASTIC is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Stochastic chart for Oil and Natural Gas Corporation Limited


Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance for ONGC, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand.
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Tripple SMA chart for Oil and Natural Gas Corporation Limited


Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.