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MARKET OUTLOOKONGCSTOCK OUTLOOK

ONGC Outlook for the Week (May 06, 2024 – May 10, 2024)

ONGC
ONGC
ONGC closed the previous week on a negative note losing 4.74%.

Technically, ONGC share price will see immediate support at 279.12 and immediate resistance would be seen at 293.02.

If ONGC share price closes below immediate support of 279.12, then sharp breakdown can be seen. ONGC share price will see major support at 272.13 for the week.

On the positive side, immediate resistance will be seen at 293.02. Closing above 293.02, ONGC share price will see a sharp breakout. Major resistance for ONGC share price will be seen at 299.93 for the week.

Trading range for ONGC share price for this week should be between 265.22 on down side and 306.92 on up side.

ONGC Previous Week High: 292.95

ONGC Previous Week Low: 279.05

ONGC Previous Week Range: 13.9 Points

ONGC share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type Value
Resistance 3 306.92
Resistance 2 299.93
Resistance 1 293.02
Support 1 279.12
Support 2 272.13
Support 3 265.22
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