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MARKET OUTLOOKONGCSTOCK OUTLOOK

ONGC Outlook for the Week (August 07, 2023 – August 11, 2023)

ONGC closed the previous week on a negative note losing 4.06%.

Technically, ONGC share price will see immediate support at 170.28 and immediate resistance would be seen at 177.53.

If ONGC share price closes below immediate support of 170.28, then sharp breakdown can be seen. ONGC share price will see major support at 167.22 for the week.

On the positive side, immediate resistance will be seen at 177.53. Closing above 177.53, ONGC share price will see a sharp breakout. Major resistance for ONGC share price will be seen at 181.72 for the week.

Trading range for ONGC share price for this week should be between 163.03 on down side and 184.78 on up side.

ONGC Previous Week High: 178.65

ONGC Previous Week Low: 171.4

ONGC Previous Week Range: 7.25 Points

ONGC share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 184.78
Resistance 2 181.72
Resistance 1 177.53
Support 1 170.28
Support 2 167.22
Support 3 163.03

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