NSE:ONGC Reports came out yesterday stating that Russian oil is making up 30% of India's imports as stated India's largest publicly owned oil & natural gas firm. This comes at a crucial period for Russia after being hammered by economic sanctions, as we can tell with the war, it is firmly narrowing down into a war of attrition, and this war can only be funded...
Observations:: ------>> Facing resistance in the zone @168 ,we have a demand zone in the range 162-160 range. price is falling from resistance with consolidation, price may take the support of demand zone, and again moving back to the resistance or resistance may broken. Keep on buy side from this zone.
Oil and Natural Gas Corporation Limited (NS:ONGC) which holds a weightage of around 0.79% in Nifty 50 is looking weak on the chart. The company has a market capitalization of INR 2,08,832 crores and trades at a TTM P/E ratio of a mere 4.94. FIIs were seen trimming their stake in the company for the last three quarters, cutting it down from 9.97% in June 2022 to...
ONGC--Observations: ---->> Price reached the strong Resistance at 165-167 zone. ------->>previous strong sell off happens here, after a long time it is testing Supply zone again. ------>> Strong fall and weakness in buyers is observed. -------->> Look for sell side opportunity or buy on breakout of this zone.
ongc a breakout soon stock.keep eye above 158 closing
ONGC Buy for intraday trading if stock breaks the given resistance level..........
ONGC Sell for intraday trading if stock break the given resistence level.........
Short ONGC at 148 for target of 142. approx 3 % in 2 weeks. If it breaks lower trend line then further downside possible.
Government company stock PROS Stock is trading at 0.66 times its book value Stock is providing a good dividend yield of 7.13%. Company is expected to give good quarter Company has been maintaining a healthy dividend payout of 38.3% CONS The company has delivered a poor sales growth of 11.7% over past five years. Company has a low return on equity of 11.7%...
as per nalysis ongc in good support 143 is good support and expected target 166
Oil and Natural Gas Corporation (ONGC) Ltd. is a public sector undertaking whose operations are monitored by Ministry of Operations and Natural gas, Government of India. ONGC is India’s largest government owned oil and gas explorer and producer. Its CMP is 143.75. Negatives of ONGC are such that there is a decline in quarterly net profits, decline in net cash flow...
ONGC is in good condition right now. After a long correction, it looks bullish and can escalate to 156-160. NSE:ONGC
Fundamental Analysis Oil and Natural Gas Corporation Ltd. is the largest crude oil and natural gas company in India, contributing almost seventy one percent to Indian domestic production, and is also the one of most profitable PSU in India. Revenue Mix of the company • Crude Oil - 70% of FY21 revenue • Natural Gas - 17% of FY21 revenue • Value Added...
ONGC breaking out from triangle pattern and there may be an up move .Do your analysis
ONGC good for long entry at CMP 136.5 with SL 132 and targets of 155, 167 and 200+ levels
This was after more than 4x up from 40 in Mar'20 (to 180 in Mar'22) Plan ahead => could consider to Buy above 150 - and/ or Rejections near 100 PB 0.7x PE 4x DE 0.5x ROCE 15% DivYld 7%
A break of structure and use increasing volume clearly indicates starting of a supplies zone. Buy near the red horizontal line and expect a strong bull run from there
ONGC BREAK IT'S SUPPORT AND 200 EMA AND DOING RETEST Target and Stoploss given