Is ONGC technically bullish or bearish?

Jun 22 2025 08:03 AM IST
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As of June 20, 2025, ONGC's technical trend has shifted to mildly bearish, indicated by daily moving averages and monthly MACD signals, despite some weekly indicators showing mild bullishness.
As of 20 June 2025, the technical trend for ONGC has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by daily moving averages indicating bearishness and a monthly MACD showing a bearish signal. While the weekly MACD and KST are mildly bullish, the overall monthly indicators, including Bollinger Bands and Dow Theory, lean bearish. The stock's recent performance shows a decline over the past year, contrasting with the Sensex's gains, further supporting the bearish outlook.
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