ONGC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | ONGC | Market Cap | 3,64,828 Cr. | Current Price | 290 ₹ | High / Low | 308 ₹ |
| Stock P/E | 11.2 | Book Value | 267 ₹ | Dividend Yield | 4.22 % | ROCE | 14.8 % |
| ROE | 11.4 % | Face Value | 5.00 ₹ | DMA 50 | 285 ₹ | DMA 200 | 264 ₹ |
| Chg in FII Hold | 0.54 % | Chg in DII Hold | -0.39 % | PAT Qtr | 8,372 Cr. | PAT Prev Qtr | 9,848 Cr. |
| RSI | 49.6 | MACD | 3.17 | Volume | 1,20,37,524 | Avg Vol 1Wk | 1,21,05,263 |
| Low price | 229 ₹ | High price | 308 ₹ | PEG Ratio | -2.72 | Debt to equity | 0.10 |
| 52w Index | 77.8 % | Qtr Profit Var | 1.60 % | EPS | 26.0 ₹ | Industry PE | 28.6 |
📊 Chart Analysis: ONGC trades at ₹290, above both its 50 DMA (₹285) and 200 DMA (₹264), showing strong technical positioning. RSI at 49.6 is neutral, while MACD at 3.17 indicates a mild bullish crossover. Bollinger Bands suggest consolidation with moderate volatility. Current volume (1,20,37,524) is nearly equal to the weekly average (1,21,05,263), reflecting steady participation.
📈 Momentum Signals: Short-term momentum is positive, supported by price stability above both moving averages and a bullish MACD crossover. RSI neutrality suggests room for further upside without immediate overbought risk.
💹 Entry & Exit Zones:
- ✅ Entry Zone: ₹285–₹295 (near 50 DMA support)
- 📉 Stop-Loss: ₹275 (below key support)
- 🚀 Exit Zone: ₹305–₹310 (next resistance zone)
🔎 Trend Status: The stock is currently trending upward with consolidation around ₹285–₹300. A breakout above ₹310 could accelerate bullish momentum, while a drop below ₹275 may weaken the trend.
Positive
- 📌 Strong dividend yield at 4.22%, attractive for income investors.
- 📌 Price above both 50 DMA and 200 DMA, showing technical strength.
- 📌 Low debt-to-equity ratio (0.10), indicating financial stability.
- 📌 EPS at ₹26.0, reflecting solid earnings.
Limitation
- ⚠️ PAT declined from ₹9,848 Cr. to ₹8,372 Cr. quarter-on-quarter.
- ⚠️ PEG ratio (-2.72) indicates weak growth relative to valuation.
- ⚠️ ROE (11.4%) is moderate compared to industry leaders.
Company Negative News
- ❌ DII holding decreased (-0.39%), showing reduced domestic institutional confidence.
Company Positive News
- ✅ FII holding increased (+0.54%), reflecting foreign investor support.
- ✅ Quarterly profit variation improved (+1.60%), showing stability despite prior decline.
Industry
- 🏭 Industry PE at 28.6, significantly higher than ONGC’s P/E (11.2), suggesting undervaluation.
- 🏭 Energy sector demand remains strong, supported by global oil and gas consumption.
Conclusion
📌 ONGC is trending upward with strong fundamentals and attractive valuation. Entry near ₹285–₹295 offers favorable risk-reward, with resistance at ₹305–₹310 as the next target. Long-term investors may benefit from its high dividend yield and undervaluation relative to industry, while short-term traders can capitalize on momentum-driven moves.
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