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Technicals for Oil and Natural Gas Corporation Limited
By MusingTheNews
2025-10-17 20:49
Overall Technical outlook
Price Summary
On 2025-10-17, ONGC's stock began at 248.55, peaked at 248.55, dipped to 244.77, and closed up -0.35% at 247.69, with a volume of 14249419 shares. The top price for the stock in the last 52 weeks is 283.3, with the bottom price being 219.84. Analysts' predictions indicate that ONGC's future price will be between 205.0 and 360.0, with a mean price expectation of approximately 278.7586.
Technicals
Support and Resistance: At 247.69, the price is held up by support at 245.68 and faces resistance at 251.56 for ONGC. This suggests a trading range where 245.68 provides a base and 251.56 limits upward movement. Support/Resistance for ONGC
Aroon: The AROON is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Aroon chart for Oil and Natural Gas Corporation Limited
Bol. Bands: The current reading of the BOLL BANDS indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Bolinger Bands chart for Oil and Natural Gas Corporation Limited
Parabolic SAR: The PSAR remains bullish, setting a critical support level that may help sustain the market's upward trend. This persistent bullish outlook suggests that the market is likely to continue climbing, with the support level offering a foundation for further growth. Parabolic Stop and Reverse chart for Oil and Natural Gas Corporation Limited
Stochastic: The stochastic indicator shows a bullish sentiment, with the K-line above both the D-line and the 80 level. This configuration indicates strong upward momentum, suggesting that ONGC may continue its upward trend. Traders might view this as a sign of sustained strength. Stochastic chart for Oil and Natural Gas Corporation Limited
Tripple Moving Agerage: The Tripple MOVING AVG 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. Tripple SMA chart for Oil and Natural Gas Corporation Limited
When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.
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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