ONGC - 25th Sep

Today's Opening - 1103

Today's High - 1163

Today's Low - 934

Today's Closing - 1157

Previous Day's Opening - 1166

Previous Day's High - 1170

Previous Day's Low - 1135

Previous Day's Closing - 1150

Flattish closing, with much lower volumes than the previous day but the intra-day low has been the lowest in the past four months.

The 20-day Commodity Channel Index has been below 100 for the past two days.

The 14-day Positive Directional Index has not been able to break above the Negative Directional Index for the past four days.

The 3, 10-day Moving Average Convergence Divergence has been negative since 14th Sep.

The 12-day Rate of Change has been negative for the past three days.

The closing candle continues to remain way below the 13-day, 16-day Ichimoku Kinko Hyo cloud.

The 2-day Relative Strength Index value is at 38%.

The stock can trade sideways for the next one or two days before trying to break the 934 support again. Current levels are quite decent for long-term investors to enter.

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