ONGC - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 3.8

🛢️ Intraday Trade Analysis for ONGC

ONGC shows a moderately favorable setup for intraday trading today. While fundamentals are strong and volume is surging, technical indicators suggest short-term weakness. This setup suits tactical scalping with tight risk controls.

📊 Technical & Momentum Overview

RSI (49.6): Neutral — hovering near midline, indicating indecision.

MACD (-0.92): Slightly negative — signals fading momentum.

Price Action: Trading just below 50 DMA (₹237) and 200 DMA (₹245), suggesting short-term pressure.

Volume: Current volume (1.16 Cr.) is significantly above 1-week average (79.7L), showing strong intraday interest.

📈 Fundamental Snapshot

Valuation: P/E of 8.54 vs industry PE of 11.6 — attractively priced.

Profitability: ROCE (14.8%) and ROE (11.4%) are solid; EPS is ₹27.6.

Quarterly Profit: Up from ₹6,448 Cr. to ₹8,024 Cr. — strong earnings base.

Institutional Flow: FII and DII holdings slightly declined — neutral sentiment.

Debt: Very low (0.12) — adds financial stability.

Dividend Yield: 5.20% — attractive for long-term holders.

🎯 Optimal Buy Price for Today

Buy Zone: ₹234–₹236

Entry near support with tight stop-loss. Avoid chasing above ₹238 unless MACD flattens and RSI rises above 52.

💰 Exit Levels for Profit-Taking & Stop-Loss

Strategy Price Level (₹) Rationale

Target 1 240 Minor resistance zone

Target 2 244 Momentum extension target

Stop-Loss 230 Below intraday support

🕒 If You Already Hold ONGC Today

Exit on Weakness

Price drops below ₹230 with rising volume.

RSI dips below 47 or MACD widens negatively.

Exit on Strength

Price nears ₹240–₹244 with declining volume or bearish divergence.

Watch for reversal candles or lower highs on 5-min chart.

This setup favors disciplined scalping with tight stops. Let me know if you'd like to compare ONGC with other energy sector stocks showing stronger intraday momentum.

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