Is ONGC technically bullish or bearish?

Aug 31 2025 08:04 AM IST
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As of 29 August 2025, ONGC's technical trend is bearish with moderate strength, driven by bearish indicators from the weekly MACD, Bollinger Bands, and daily moving averages, despite mixed signals 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 confirming a bearish outlook. The KST on a weekly basis is also bearish, while the Dow Theory presents a mixed view with a mildly bearish weekly and mildly bullish monthly perspective. Overall, the bearish signals dominate, suggesting a negative trend in the near term.
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