ONGC - IntraDay Trade Analysis with Live Signals

Last Updated Time : 20 Dec 25, 07:03 am

IntraDay Trade Rating: 2.9

📊 Analysis: ONGC is trading at ₹233, below both DMA 50 (₹243) and DMA 200 (₹245), confirming short-term weakness. RSI at 29.1 indicates oversold conditions, but MACD (-3.75) remains negative, suggesting bearish bias. Volume (40.9 lakh) is significantly below average (77.4 lakh), reflecting reduced participation. While fundamentals such as dividend yield (5.31%) and low P/E (8.99 vs industry 18.6) are attractive, intraday momentum is weak. Intraday trades may only be attempted cautiously for speculative bounces.

💡 Optimal Buy Price: ₹231–₹233 (near support zone)

🎯 Profit-Taking Exit Levels: ₹238–₹240 (short-term bounce target)

🛑 Stop-Loss / Loss Protection: ₹228 (below immediate support)

⏱️ If Already Holding: Exit intraday if price fails to sustain above ₹231 or if RSI drops below 28 with MACD continuing negative. Consider booking profits if price approaches ₹238–₹240 with volume confirmation.

✅ Positive

• 📈 Attractive dividend yield of 5.31%
• 📊 Low P/E ratio (8.99) compared to industry PE (18.6), showing undervaluation
• 📈 Quarterly PAT improved to ₹9,848 Cr. vs ₹8,024 Cr.
• 📉 Debt-to-equity ratio at 0.10 ensures financial stability

⚠️ Limitation

• 📉 Price trading below DMA 50 and DMA 200 confirms weak trend
• 📊 RSI at 29.1 oversold but momentum remains weak
• 📉 Volume significantly below weekly average, showing reduced participation
• 📊 PEG ratio negative (-2.19), indicating poor growth-adjusted valuation

🚨 Company Negative News

• 📉 Quarterly profit variation declined (-17.8%) despite higher PAT
• 📊 FII holding reduced by -0.10%, showing foreign investor caution

🌟 Company Positive News

• 📈 Strong dividend yield supports investor sentiment
• 📊 Domestic institutional investors increased stake (+0.11%)

🏭 Industry

• 📊 Industry PE at 18.6 vs ONGC’s 8.99, suggesting undervaluation
• ⛽ Energy sector outlook tied to global crude prices and government policies

📌 Conclusion

ONGC shows weak intraday potential today due to bearish technicals and low volume. Fundamentals remain attractive with strong dividend yield and undervaluation, but momentum indicators are unfavorable. Traders may attempt speculative entries near ₹231–₹233 with stop-loss at ₹228 and profit booking around ₹238–₹240. Conservative traders should avoid intraday positions until technical strength improves.

Would you like me to extend this into a peer benchmarking overlay comparing ONGC with other energy sector stocks, so you can identify relative intraday strength opportunities?