📌 Current snapshot
ONGC last traded around ₹243–₹244.
Over the past month, the stock has dropped ~3–4%.
📈 What could happen in next month
Bearish scenario: If price slips below ₹241 and sentiment (oil prices, global energy demand, investor flows) remains weak — ONGC could test the lower support zone around ₹238–₹240.
Neutral / range-bound: The stock could hover between ₹241–₹251, especially if crude/oil-sector news remains mixed, or broader market is choppy.
Bullish scenario: If ONGC closes above ~₹251 with supportive macro (oil prices, global demand, corporate news) — next leg could push it towards ₹255–₹257 (near-term target).
ONGC last traded around ₹243–₹244.
Over the past month, the stock has dropped ~3–4%.
📈 What could happen in next month
Bearish scenario: If price slips below ₹241 and sentiment (oil prices, global energy demand, investor flows) remains weak — ONGC could test the lower support zone around ₹238–₹240.
Neutral / range-bound: The stock could hover between ₹241–₹251, especially if crude/oil-sector news remains mixed, or broader market is choppy.
Bullish scenario: If ONGC closes above ~₹251 with supportive macro (oil prices, global demand, corporate news) — next leg could push it towards ₹255–₹257 (near-term target).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.