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MARKET OUTLOOKONGCSTOCK OUTLOOK

ONGC Outlook for the Week (May 27, 2024 – May 31, 2024)

ONGC
ONGC
ONGC closed the previous week on a negative note losing 3.16%.

Technically, ONGC share price will see immediate support at 278.12 and immediate resistance would be seen at 287.17.

If ONGC share price closes below immediate support of 278.12, then sharp breakdown can be seen. ONGC share price will see major support at 272.98 for the week.

On the positive side, immediate resistance will be seen at 287.17. Closing above 287.17, ONGC share price will see a sharp breakout. Major resistance for ONGC share price will be seen at 291.08 for the week.

Trading range for ONGC share price for this week should be between 269.07 on down side and 296.22 on up side.

ONGC Previous Week High: 285.95

ONGC Previous Week Low: 276.9

ONGC Previous Week Range: 9.05 Points

ONGC share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type Value
Resistance 3 296.22
Resistance 2 291.08
Resistance 1 287.17
Support 1 278.12
Support 2 272.98
Support 3 269.07
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