Overall Technical outlook

Price Summary

On 2025-04-25, Oil and Natural Gas Corporation Limited's stock began at 249.0, peaked at 250.68, declined to 244.4, and ended the day -1.07% lower at 246.33, with 15615879 shares traded.
Throughout the 52-week period, the stock hit a high of 341.75 and a low of 219.84.
The projected price range for Oil and Natural Gas Corporation Limited is between 190.0 and 375.0, with an expected mean price of 294.3, according to 30 analysts.

Technicals

Support and Resistance: The price is currently at 246.33, supported by 237.1 and resisted by 248.68. This indicates a range where 237.1 may provide a base for the price, while 248.68 serves as a cap on further upward movement for ONGC.
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Support/Resistance for ONGC


Aroon: The AROON is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play.
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Aroon chart for Oil and Natural Gas Corporation Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.
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Bolinger Bands chart for Oil and Natural Gas Corporation Limited


Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains.
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Parabolic Stop and Reverse chart for Oil and Natural Gas Corporation Limited


Stochastic: The stochastic indicator shows bullish conditions, with the K-line positioned above the D-line and exceeding the 80 level. This setup suggests strong upward momentum, indicating that the market may continue to rise. Investors might view this as a favorable sign for continued growth.
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Stochastic chart for Oil and Natural Gas Corporation Limited


Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation.
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Tripple SMA chart for Oil and Natural Gas Corporation Limited


When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.