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MARKET OUTLOOKONGCSTOCK OUTLOOK

ONGC Outlook for the Week (January 15, 2024 – January 19, 2024)

ONGC
ONGC
ONGC closed the previous week on a negative note losing 6.70%.

Technically, ONGC share price will see immediate support at 213.82 and immediate resistance would be seen at 228.87.

If ONGC share price closes below immediate support of 213.82, then sharp breakdown can be seen. ONGC share price will see major support at 204.23 for the week.

On the positive side, immediate resistance will be seen at 228.87. Closing above 228.87, ONGC share price will see a sharp breakout. Major resistance for ONGC share price will be seen at 234.33 for the week.

Trading range for ONGC share price for this week should be between 198.77 on down side and 243.92 on up side.

ONGC Previous Week High: 224.75

ONGC Previous Week Low: 209.7

ONGC Previous Week Range: 15.05 Points

ONGC share price support and resistance for the week (January 15, 2024 – January 19, 2024)

Level Type Value
Resistance 3 243.92
Resistance 2 234.33
Resistance 1 228.87
Support 1 213.82
Support 2 204.23
Support 3 198.77
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