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MARKET OUTLOOKONGCSTOCK OUTLOOK

ONGC Outlook for the Week (December 11, 2023 – December 15, 2023)

ONGC
ONGC
ONGC closed the previous week on a negative note losing 5.73%.

Technically, ONGC share price will see immediate support at 191.40 and immediate resistance would be seen at 203.20.

If ONGC share price closes below immediate support of 191.40, then sharp breakdown can be seen. ONGC share price will see major support at 186.85 for the week.

On the positive side, immediate resistance will be seen at 203.20. Closing above 203.20, ONGC share price will see a sharp breakout. Major resistance for ONGC share price will be seen at 210.45 for the week.

Trading range for ONGC share price for this week should be between 179.60 on down side and 215.00 on up side.

ONGC Previous Week High: 205.9

ONGC Previous Week Low: 194.1

ONGC Previous Week Range: 11.8 Points

ONGC share price support and resistance for the week (December 11, 2023 – December 15, 2023)

Level Type Value
Resistance 3 215.00
Resistance 2 210.45
Resistance 1 203.20
Support 1 191.40
Support 2 186.85
Support 3 179.60
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