Certainly! Let’s delve into the technical analysis of Oil and Natural Gas Corporation (ONGC). Keep in mind that this information is not investment advice, but rather an overview of popular technical indicators.
- Moving Averages:
- Exponential Moving Average (EMA) (10, 20, 30, 50, 100, 200): These moving averages help identify trends and potential reversal points.
- Simple Moving Average (SMA) (10, 20, 30, 50, 100, 200): Similar to EMA, SMAs provide insights into price trends.
- Oscillators:
- Relative Strength Index (RSI) (14): Currently, the RSI is neutral.
- Stochastic %K (14, 3, 3): The stock is in a selling zone.
- Commodity Channel Index (CCI) (20): No specific signal.
- Average Directional Index (ADX) (14): No clear trend.
- Awesome Oscillator: Notable for its lack of awesomeness (no strong signal).
- Momentum (10): Neutral.
- MACD Level (12, 26): No strong signal.
- Stochastic RSI Fast (3, 3, 14, 14): Neutral.
- Williams Percent Range (14): No specific direction.
- Bull Bear Power: Not indicating a strong bullish or bearish sentiment.
- Ultimate Oscillator (7, 14, 28): Neutral.
- Pivots:
- Classic Pivot Points: Not specified.
- Fibonacci Pivot Points: No specific levels.
- Camarilla Pivot Points: Not provided.
- Woodie Pivot Points: No clear levels.
- Summary:
- Overall, the technical indicators suggest a mixed picture for ONGC.
- The stock is currently in an uptrend on the daily chart, forming a rising channel and a cup & handle pattern.
- The RSI is in the overbought area, indicating a potential correction before further upward movement.
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