ONGC - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 4.1
| Stock Code | ONGC | Market Cap | 3,68,723 Cr. | Current Price | 293 ₹ | High / Low | 308 ₹ |
| Stock P/E | 11.3 | Book Value | 267 ₹ | Dividend Yield | 4.18 % | ROCE | 14.8 % |
| ROE | 11.4 % | Face Value | 5.00 ₹ | DMA 50 | 279 ₹ | DMA 200 | 260 ₹ |
| Chg in FII Hold | 0.54 % | Chg in DII Hold | -0.39 % | PAT Qtr | 8,372 Cr. | PAT Prev Qtr | 9,848 Cr. |
| RSI | 58.9 | MACD | 5.25 | Volume | 1,57,60,512 | Avg Vol 1Wk | 2,90,33,217 |
| Low price | 226 ₹ | High price | 308 ₹ | PEG Ratio | -2.75 | Debt to equity | 0.10 |
| 52w Index | 82.0 % | Qtr Profit Var | 1.60 % | EPS | 26.0 ₹ | Industry PE | 28.8 |
ONGC shows strong potential for swing trading. The RSI at 58.9 indicates healthy momentum without being overbought, while MACD is positive (5.25), suggesting bullish sentiment. The current price (₹293) is above both the 50 DMA (₹279) and 200 DMA (₹260), confirming an uptrend. However, volume is below the weekly average, which may limit immediate upside moves.
🎯 Optimal Entry Price
Entry is favorable around ₹280–285, near the 50 DMA support zone, provided momentum remains intact.
📈 Exit Strategy
If already holding, consider exiting near ₹305–308 (recent high zone). A breakout above ₹308 would signal further upside potential.
✅ Positive
- Strong ROCE (14.8%) and ROE (11.4%) indicate efficient capital use.
- Low debt-to-equity ratio (0.10) provides financial stability.
- Attractive dividend yield of 4.18% adds investor appeal.
- P/E of 11.3 is significantly lower than industry average (28.8), suggesting undervaluation.
⚠️ Limitation
- Quarterly PAT declined from ₹9,848 Cr. to ₹8,372 Cr.
- PEG ratio of -2.75 indicates weak growth prospects relative to earnings.
- Trading volume below weekly average may reduce short-term momentum.
📉 Company Negative News
- Quarterly profit variation at 1.60% shows limited growth.
- DII holdings decreased (-0.39%), signaling reduced domestic institutional confidence.
📈 Company Positive News
- FII holdings increased (+0.54%), showing foreign investor support.
- EPS at ₹26.0 reflects strong earnings power.
🏭 Industry
- Industry P/E at 28.8 is much higher than ONGC’s valuation, highlighting its relative attractiveness.
- Energy sector demand remains robust, supported by global oil and gas consumption.
🔎 Conclusion
ONGC is a strong swing trade candidate with solid fundamentals and bullish technicals. Entry near ₹280–285 is optimal, with exit around ₹305–308. A breakout above ₹308 could unlock further upside, making it attractive for short- to medium-term traders.