ONGC stock target for 2014

ONGC stock target for 2014

ONGC stock daily chart analysis

ONGC stock on last trading session closed at 322 rupee with loss. On daily chart, price trend is bullish but momentum is weakling on profit booking and correction is setting in. from short-term view, above 295-rupee ONGC stock will remain bullish and buy on dips.

On upside 340 and 355 are resistance levels while 310 and 295 are support zones. Daily chart indicators patterns are bearish and suggest downside for stock price.

Traders here wait until correction is over and then enter long with strict stop loss for targets 340-355 rupee targets.

ONGC stock weekly chart analysis

ONGC stock this week is showing losses and suggesting correction. Weekly chart price trend is bullish but momentum is fizzling out on profit booking. This will be second losing week for ongc stock. On weekly chart, 270-280 is major support zone and above it use correction to go long on upside 350 and 395 are resistances as well as targets for next 6 to 12 month timeframe. Weekly chart indicators and oscillators pattern are weak and suggesting downside for stock because of correction. 280 is best level to enter long with medium term view.

ONGC stock monthly chart analysis

ONGC stock in last 6 month had given 225 returns to investors and outperforming markets. ONGC stock is one of the best stocks for long-term investment and must be in your portfolio with right level entry.

Above 280-rupee stock, continue to trade with bullish momentum. 400 rupee is 12-month target level while 515 is 24 to 36 months. 200 rupee was best buy zone, which was last seen in year 2004, and 60 rupee was historic undervalued level, which was last seen in 2002.

Oil & Natural Gas Corporation Limited company description

Oil and Natural Gas Corporation Limited (ONGC) is an India-based company. The Company is mainly engaged in the oil exploration and production activities. The Company operates in two segments: Offshore and Onshore. Its subsidiaries include ONGC Videsh Limited (OVL), Mangalore Refinery & Petrochemicals Ltd., ONGC Nile Ganga BV, ONGC Narmada Limited, ONGC Amazon Alaknanda Limited, ONGC Campos Ltda, ONGC Nile Ganga (Cyprus) Ltd. and ONGC Nile Ganga (San Cristobal) B.V.

ONGC stock fundamental ratios

Range315.40 – 323.45
52 week234.20 – 353.05
Open322.95
Vol.4.56M
Mkt cap2.74T
P/E    –
Div/yield4.25/3.05
EPS    –
Shares8.56B
Beta    –
Inst. own    –

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Updated: 10/04/2014 — 2:09 PM

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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