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Stock analysis Oil & Natural Gas Corporation Limited ONGC

More indepth analysis on MunafaSutra.com

Moving Averages for Oil & Natural Gas Corporation Limited

  • 5Day Average: 283.57
  • 12Day Average: 280.44
  • 20Day Average: 276.73
  • 50Day Average: 272.19
  • 100Day Average: 250.18
  • 150Day Average: 230.09
  • 200Day Average: 216.78

ONGC Indicators & signals

Indicator MACD (12,26,9)

280.4, 276.07, 3.65
Indicator MACD is in positive zone

Indicator ADX (14)

42.57, 29.68, 11.95
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ONGC Oil & Natural Gas Corporation Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri May 2024 286.10 284.00 to 292.95 1.17% 1.78 times
02 Thu May 2024 282.80 279.05 to 284.60 -0.02% 0.97 times
30 Tue Apr 2024 282.85 281.45 to 286.35 -0.12% 0.66 times
29 Mon Apr 2024 283.20 282.15 to 285.25 0.11% 0.55 times
26 Fri Apr 2024 282.90 282.20 to 286.15 0.34% 0.68 times
25 Thu Apr 2024 281.95 278.00 to 282.60 0.93% 1.05 times
24 Wed Apr 2024 279.35 276.30 to 280.40 0.92% 0.57 times
23 Tue Apr 2024 276.80 275.55 to 278.75 0% 0.54 times
22 Mon Apr 2024 276.80 273.75 to 278.00 0.56% 0.87 times
19 Fri Apr 2024 275.25 274.10 to 280.80 0.4% 2.01 times
18 Thu Apr 2024 274.15 273.35 to 287.70 -3.18% 2.1 times
16 Tue Apr 2024 283.15 275.25 to 292.55 1.18% 4.87 times

Technical analysis forecast of Oil & Natural Gas Corporation Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Oil & Natural Gas Corporation Limited ONGC at this time. Stock is rising and might rise more.

It appears as if Oil & Natural Gas Corporation Limited ONGC gave a large move recently.

Stock of Oil & Natural Gas Corporation Limited (ONGC) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Oil & Natural Gas Corporation Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Oil & Natural Gas Corporation Limited stays above 283.7, but if it comes below 283.7, then a intra day sell could be more profitable.
If you take a sell trade below 283.7, then use 283.7 as stoploss and 277.7 as target. However if you take a buy trade in Oil & Natural Gas Corporation Limited, then use 283.7 as stoploss and 290.9 as target.

More indepth analysis on MunafaSutra.com