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MARKET OUTLOOKONGCSTOCK OUTLOOK

ONGC Outlook for the Week (May 20, 2024 – May 24, 2024)

ONGC
ONGC
ONGC closed the previous week on a negative note losing 7.53%.

Technically, ONGC share price will see immediate support at 265.20 and immediate resistance would be seen at 286.55.

If ONGC share price closes below immediate support of 265.20, then sharp breakdown can be seen. ONGC share price will see major support at 252.95 for the week.

On the positive side, immediate resistance will be seen at 286.55. Closing above 286.55, ONGC share price will see a sharp breakout. Major resistance for ONGC share price will be seen at 295.65 for the week.

Trading range for ONGC share price for this week should be between 243.85 on down side and 307.90 on up side.

ONGC Previous Week High: 283.4

ONGC Previous Week Low: 262.05

ONGC Previous Week Range: 21.35 Points

ONGC share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 307.90
Resistance 2 295.65
Resistance 1 286.55
Support 1 265.20
Support 2 252.95
Support 3 243.85
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