Is ONGC technically bullish or bearish?

Aug 30 2025 08:04 AM IST
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As of 29 August 2025, ONGC's technical trend is bearish with moderate strength, indicated by bearish signals from the MACD, Bollinger Bands, and moving averages, despite mixed readings from Dow Theory.
As of 29 August 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for ONGC is bearish with a moderate strength. Key indicators driving this stance include the weekly MACD and Bollinger Bands both indicating bearish conditions, along with daily moving averages also showing bearish sentiment. The KST is bearish on a weekly basis and mildly bearish on a monthly basis, while the Dow Theory presents a mixed view with weekly readings at mildly bearish and monthly at mildly bullish. Overall, the combination of these indicators suggests a prevailing bearish trend.
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