Stock of Interest

Posted On: August 11, 2023

Stock Report: ONGC (NSE) 10 AUG 23 

Oil and Natural Gas Corporation Ltd. (ONGC) is a leading Indian multinational oil and gas company. Established in 1956, ONGC is involved in exploration, production, and refining of oil and natural gas. It holds a prominent position in India’s energy sector and is one of the largest publicly traded companies in the country. ONGC plays a vital role in meeting India’s energy needs, contributing significantly to the country’s oil and gas production. The company also has international operations and collaborations, making it a key player in the global energy market. 

#xCalData predicts ONGC will continue its Bullish phase over the next five days and trend in the range of 174 to 183.   

In comparison to the previous month, the price of the stock has experienced an increase of 8.54% indicating a Bullish. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

    

Majority of the technical ratios trend towards Bullish side of the spectrum, only Relative Strength Indicates bearish view.  

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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