ONGC - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.2
| Stock Code | ONGC | Market Cap | 3,23,375 Cr. | Current Price | 257 ₹ | High / Low | 278 ₹ |
| Stock P/E | 9.93 | Book Value | 267 ₹ | Dividend Yield | 4.77 % | ROCE | 14.8 % |
| ROE | 11.4 % | Face Value | 5.00 ₹ | DMA 50 | 246 ₹ | DMA 200 | 245 ₹ |
| Chg in FII Hold | 0.45 % | Chg in DII Hold | -0.27 % | PAT Qtr | 9,848 Cr. | PAT Prev Qtr | 8,024 Cr. |
| RSI | 56.9 | MACD | 5.52 | Volume | 2,02,51,990 | Avg Vol 1Wk | 3,56,64,686 |
| Low price | 205 ₹ | High price | 278 ₹ | PEG Ratio | -2.42 | Debt to equity | 0.10 |
| 52w Index | 71.6 % | Qtr Profit Var | -17.8 % | EPS | 25.9 ₹ | Industry PE | 18.6 |
📊 Analysis: ONGC is trading at ₹257, comfortably above its 50 DMA (₹246) and 200 DMA (₹245), showing strong technical support. RSI at 56.9 is mildly bullish, while MACD (5.52) confirms positive momentum. Volume is lower than the weekly average, but still significant, suggesting steady participation. The stock is a good candidate for intraday trading with defined entry and exit levels.
💡 Optimal Buy Price: ₹254–256 (near support zone, risk-managed entry).
🎯 Profit-Taking Levels: ₹262–265 (first resistance), ₹270–272 (secondary resistance if momentum sustains).
🛡️ Stop-Loss / Loss Protection: ₹250 (below intraday support).
⏱️ If Already Holding: Exit near ₹262–265 if momentum stalls. If price sustains above ₹265 with strong volume, hold for ₹270+. Exit immediately if price breaks below ₹250 with heavy selling pressure.
Positive
- Strong ROCE (14.8%) and ROE (11.4%) indicate efficient capital use.
- Dividend yield of 4.77% adds investor appeal.
- EPS at ₹25.9 reflects solid earnings strength.
- Trading above both 50 DMA and 200 DMA shows bullish technical setup.
Limitation
- Quarterly profit variation at -17.8% indicates earnings volatility.
- PEG ratio at -2.42 suggests limited growth visibility.
- Volume lower than weekly average, reducing intraday momentum strength.
Company Negative News
- Quarterly PAT declined from ₹9,848 Cr. to ₹8,024 Cr., showing pressure on profitability.
- DII holding decreased (-0.27%), reflecting reduced domestic institutional interest.
Company Positive News
- FII holding increased (+0.45%), showing foreign investor confidence.
- Strong dividend yield supports long-term investor sentiment.
Industry
- Industry PE at 18.6, higher than ONGC’s 9.93, suggesting undervaluation.
- Energy sector remains cyclical but supported by global demand trends.
Conclusion
⚖️ ONGC presents a solid intraday opportunity with bullish technical confirmation. Entry near ₹254–256 with exit around ₹262–265 is advisable. If momentum sustains, ₹270+ is achievable. Strict stop-loss at ₹250 ensures risk management. Suitable for disciplined intraday traders seeking steady gains.