ONGC -Wave 5 Bottomed! OMG! - From Oil Rigs to Green Gigs!

ONGC is making history, transitioning from oil dominance to renewable energy leadership.

On Feb 28, Last ONGC Idea on TradingView
I shared my TradingView idea, predicting Wave 5 completion at the bottom and expecting a bounce off the trendline. And here we are on March 6—ONGC surges from 215 lows to 232+ highs as of today’s close with a strong green candle.

ONGC’s Big Bet: A ₹9.25B Leap into Green Energy!
But that’s not all—ONGC just made a massive fundamental move, acquiring PTC Energy for ₹9.25B (106M), adding 288 MW of operational wind power across three Indian states.

Why This is a Game-Changer
✅ India’s 500 GW non-fossil fuel target by 2030
✅ ONGC Green targeting 10 GW renewable energy portfolio
✅ Recent 2.3B Ayana Renewable Power acquisition with NTPC Green

Technical Perspective – The Power of Wave 5

• Is Wave 5 bottom confirmed in some degree of the impulsive move which started falling from 345 highs as discussed and warned earlier in the Bigger Idea
  
• Momentum building – are new highs incoming
  
• From oil rigs to green gigs, ONGC is shifting gears fast. Is this just the beginning of an explosive rally?
  

Let us decode the waves.
Catch me with another exciting idea from WaveTalks, Market Whispers! Can you hear them?

Regards,
Abhishek
WaveTalks