ONGC - Swing Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Swing Trade Rating: 3.4

📉 Technical & Momentum Analysis

Current Price (₹241) is slightly below 50 DMA (₹244) and 200 DMA (₹249) — indicates mild bearish pressure.

RSI (44.7) — neutral zone, leaning toward weakness.

MACD (−0.66) — negative, suggesting lack of momentum.

Volume: Slightly below 1-week average — indicates consolidation, not strong buying interest.

📊 Fundamental Overview

Valuation

P/E (8.36) vs Industry P/E (11.6) — undervalued.

PEG Ratio (−1.03) — negative due to declining earnings, not favorable.

EPS (₹28.8) — solid earnings base.

Book Value (₹273) — price trades below book value, attractive from value perspective.

Profitability

ROCE (12.4%) and ROE (10.7%) — moderate efficiency.

Dividend Yield (5.07%) — very attractive for income-focused traders.

Quarterly Performance

PAT Qtr: ₹7,406 Cr vs Prev Qtr: ₹8,622 Cr — significant decline (−34.0%), weak earnings momentum.

Debt-to-Equity (0.55) — moderate leverage, acceptable for energy sector.

FII/DII Holding

FII down (−0.03%), DII down (−0.08%) — slight institutional pullback.

⚠️ Swing Trade Strategy

Not ideal for aggressive swing trading, but may suit conservative setups due to

Low valuation

High dividend yield

Technical consolidation

Optimal Entry Price: ₹235–₹240 (near support zone)

Target Exit Price: ₹255–₹260 (near 200 DMA and resistance zone)

Stop Loss: ₹228 (below recent support)

🧭 If You Already Hold the Stock

Hold if aiming for short-term bounce toward ₹255–₹260.

Exit if price breaks below ₹228 or RSI dips below 40 with MACD widening negatively.

ONGC offers value and income, but weak momentum and earnings pressure limit its swing trade appeal. Suitable for cautious traders with tight risk controls.

Edit in a page