📌 Current snapshot
ONGC last traded around ₹243–₹244.
Over the past month, the stock has dropped ~3–4%.
📈 What could happen in next month
Bearish scenario: If price slips below ₹241 and sentiment (oil prices, global energy demand, investor flows) remains weak — ONGC could test the lower support zone around ₹238–₹240.
Neutral / range-bound: The stock could hover between ₹241–₹251, especially if crude/oil-sector news remains mixed, or broader market is choppy.
Bullish scenario: If ONGC closes above ~₹251 with supportive macro (oil prices, global demand, corporate news) — next leg could push it towards ₹255–₹257 (near-term target).
ONGC last traded around ₹243–₹244.
Over the past month, the stock has dropped ~3–4%.
📈 What could happen in next month
Bearish scenario: If price slips below ₹241 and sentiment (oil prices, global energy demand, investor flows) remains weak — ONGC could test the lower support zone around ₹238–₹240.
Neutral / range-bound: The stock could hover between ₹241–₹251, especially if crude/oil-sector news remains mixed, or broader market is choppy.
Bullish scenario: If ONGC closes above ~₹251 with supportive macro (oil prices, global demand, corporate news) — next leg could push it towards ₹255–₹257 (near-term target).
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