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Technicals for Oil and Natural Gas Corporation Limited
By MusingTheNews
2025-08-15 20:48
Overall Technical outlook
Price Summary
On 2025-08-14, Oil and Natural Gas Corporation Limited's stock opened at 238.51, reached a high of 238.67, dropped to a low of 234.43, and closed down -0.66% at 236.94, with a trading volume of 7257402 shares. The stock's highest value over the last 52 weeks is 335.3, and the lowest value is 219.84. According to 29 analysts, the future price is anticipated to vary between 205.0 and 360.0, with an average expected price of around 278.7586.
Technicals
Support and Resistance: At 236.94, the price is supported by 233.65 and resisted by 239.9. This indicates that the price for Oil and Natural Gas Corporation Limited might fluctuate between these levels, with 233.65 acting as a support and 239.9 limiting further upward movement. Support/Resistance for ONGC
Aroon: The AROON is showing a neutral stance, with no definitive indication of an upward or downward trend for ONGC. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Aroon chart for Oil and Natural Gas Corporation Limited
Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Bolinger Bands chart for Oil and Natural Gas Corporation Limited
Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help sustain the market's upward movement. This strong support suggests that Oil and Natural Gas Corporation Limited is likely to continue trending higher, providing investors with confidence in the ongoing bullish momentum. Parabolic Stop and Reverse chart for Oil and Natural Gas Corporation Limited
Stochastic: The STOCHASTIC is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Stochastic chart for Oil and Natural Gas Corporation Limited
Tripple Moving Agerage: The current state of the Tripple MOVING AVG 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. Tripple SMA chart for Oil and Natural Gas Corporation Limited
Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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