ONGC - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 3.4
| Stock Code | ONGC | Market Cap | 3,08,405 Cr. | Current Price | 245 ₹ | High / Low | 308 ₹ |
| Stock P/E | 9.38 | Book Value | 264 ₹ | Dividend Yield | 4.99 % | ROCE | 13.0 % |
| ROE | 10.2 % | Face Value | 5.00 ₹ | DMA 50 | 271 ₹ | DMA 200 | 264 ₹ |
| Chg in FII Hold | 0.54 % | Chg in DII Hold | -0.39 % | PAT Qtr | 6,650 Cr. | PAT Prev Qtr | 8,372 Cr. |
| RSI | 27.7 | MACD | -10.7 | Volume | 1,44,76,841 | Avg Vol 1Wk | 2,09,36,007 |
| Low price | 229 ₹ | High price | 308 ₹ | PEG Ratio | -0.92 | Debt to equity | 0.10 |
| 52w Index | 21.2 % | Qtr Profit Var | 3.13 % | EPS | 26.2 ₹ | Industry PE | 48.6 |
Analysis: ONGC shows moderate swing trade potential. The RSI at 27.7 indicates oversold conditions, while MACD at -10.7 confirms bearish momentum. Current price (245 ₹) is below both 50 DMA (271 ₹) and 200 DMA (264 ₹), reflecting short-term weakness. Valuation is attractive with a low P/E (9.38 vs industry 48.6) and strong dividend yield (4.99%). Fundamentals remain solid with ROCE at 13% and ROE at 10.2%, though quarterly PAT declined compared to the previous quarter.
Optimal Entry Price: Around 235–240 ₹, closer to oversold support near 229 ₹.
Exit Strategy: If already holding, consider profit booking near 270–275 ₹ resistance (50 DMA zone), or trail stop-loss below 230 ₹.
✅ Positive
- 📈 Attractive valuation with P/E of 9.38 compared to industry 48.6.
- 💰 High dividend yield of 4.99%, offering steady income.
- 📊 Strong EPS of 26.2 ₹ and book value of 264 ₹, showing balance sheet strength.
- 📉 Low debt-to-equity ratio at 0.10, indicating financial stability.
⚠️ Limitation
- ⚠️ RSI at 27.7 indicates oversold but weak momentum.
- 📉 MACD negative (-10.7), showing bearish trend.
- 📊 PAT declined from 8,372 Cr. to 6,650 Cr. quarter-on-quarter.
📉 Company Negative News
- 📉 Decline in quarterly PAT, reflecting weaker profitability.
- ⚠️ DII holding decreased (-0.39%), showing reduced domestic institutional confidence.
📈 Company Positive News
- 📈 FII holding increased (+0.54%), showing foreign investor interest.
- 📊 Quarterly profit variation at +3.13%, indicating some recovery despite decline.
🏭 Industry
- ⛽ Industry P/E at 48.6, much higher than ONGC’s, suggesting undervaluation.
- 📊 Energy sector remains cyclical, influenced by crude oil prices and global demand.
🔎 Conclusion
⚖️ ONGC is a fair candidate for swing trading with strong fundamentals but weak technical momentum. Entry near 235–240 ₹ offers better risk-reward, while exit should be considered around 270–275 ₹. The stock is more suitable for dividend and value investors, but short-term traders should be cautious due to bearish signals.
Would you like me to also highlight ONGC technical chart for a clearer swing trade setup?