Is ONGC technically bullish or bearish?
As of August 29, 2025, ONGC's technical trend has shifted to a bearish stance, driven by bearish MACD, Bollinger Bands, and moving averages, despite some mixed signals from Dow Theory.
As of 29 August 2025, the technical trend for ONGC has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this assessment include a bearish MACD on the weekly chart, bearish signals from Bollinger Bands on both weekly and monthly time frames, and a bearish reading from daily moving averages. Additionally, the KST is bearish on the weekly and mildly bearish on the monthly, while the Dow Theory shows a mildly bearish stance on the weekly and mildly bullish on the monthly, indicating mixed signals. Overall, the bearish indicators dominate the current technical outlook.
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