ONGC Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

ONGC closed the previous week on a negative note losing 3.46%

Technically, ONGC share price will see immediate support at 168.82 and immediate resistance would be seen at 174.87

If ONGC share price closes below immediate support of 168.82, then sharp breakdown can be seen. ONGC share price will see major support at 165.83 for the week.

On the positive side, immediate resistance will be seen at 174.87. Closing above 174.87, ONGC share price will see a sharp breakout. Major resistance for ONGC share price will be seen at 177.93 for the week.

Trading range for ONGC share price for this week should be between 162.77 on down side and 180.92 on up side.

ONGC Previous Week High: 174.95

ONGC Previous Week Low: 168.9

ONGC Previous Week Range: 6.05 Points

ONGC share price support and resistance for the week (July 31, 2023 – August 04, 2023)