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MARKET OUTLOOKONGCSTOCK OUTLOOK

ONGC Outlook for the Week (December 18, 2023 – December 22, 2023)

ONGC
ONGC
ONGC closed the previous week on a negative note losing 4.90%.

Technically, ONGC share price will see immediate support at 194.75 and immediate resistance would be seen at 204.65.

If ONGC share price closes below immediate support of 194.75, then sharp breakdown can be seen. ONGC share price will see major support at 188.45 for the week.

On the positive side, immediate resistance will be seen at 204.65. Closing above 204.65, ONGC share price will see a sharp breakout. Major resistance for ONGC share price will be seen at 208.25 for the week.

Trading range for ONGC share price for this week should be between 184.85 on down side and 214.55 on up side.

ONGC Previous Week High: 201.95

ONGC Previous Week Low: 192.05

ONGC Previous Week Range: 9.9 Points

ONGC share price support and resistance for the week (December 18, 2023 – December 22, 2023)

Level Type Value
Resistance 3 214.55
Resistance 2 208.25
Resistance 1 204.65
Support 1 194.75
Support 2 188.45
Support 3 184.85
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{"buy_point":[{"en_ltd":"2023-12-15","en_sup_p_91":"198.57","en_sup_t_91":"194.59","prev_close":"195.95","en_close":"201.05","new_date":"Dec 15","prev_close_no":195},{"en_ltd":"2023-11-28","en_sup_p_91":"193.91","en_sup_t_91":"187.27","prev_close":"188.85","en_close":"193.95","new_date":"Nov 28","prev_close_no":188}],"sell_point":[{"en_ltd":"2023-12-08","en_sup_p_91":"196.69","en_sup_t_91":"202.29","prev_close":"198.90","en_close":"195.95","new_date":"Dec 8","prev_close_no":198},{"en_ltd":"2023-11-17","en_sup_p_91":"198.07","en_sup_t_91":"202.76","prev_close":"201.80","en_close":"196.35","new_date":"Nov 17","prev_close_no":201}]}

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