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MARKET OUTLOOKONGCSTOCK OUTLOOK

ONGC Outlook for the Week (May 13, 2024 – May 17, 2024)

ONGC
ONGC
ONGC closed the previous week on a negative note losing 8.85%.

Technically, ONGC share price will see immediate support at 259.38 and immediate resistance would be seen at 284.93.

If ONGC share price closes below immediate support of 259.38, then sharp breakdown can be seen. ONGC share price will see major support at 248.52 for the week.

On the positive side, immediate resistance will be seen at 284.93. Closing above 284.93, ONGC share price will see a sharp breakout. Major resistance for ONGC share price will be seen at 299.62 for the week.

Trading range for ONGC share price for this week should be between 233.83 on down side and 310.48 on up side.

ONGC Previous Week High: 288.75

ONGC Previous Week Low: 263.2

ONGC Previous Week Range: 25.55 Points

ONGC share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type Value
Resistance 3 310.48
Resistance 2 299.62
Resistance 1 284.93
Support 1 259.38
Support 2 248.52
Support 3 233.83
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