ONGC Share Price Technical Outlook & 2025 Target: Key Levels and Trade Setup
As of July 12, 2025! ONGC is trading around ₹241.8 and signals a “Strong Sell” in technical indicators. Yet brokerage views suggest modest upside potential with targets ranging from ₹280–₹290 by end‑2025.
Current Market Snapshot
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Latest Price (July 11, 2025): ₹241.76 (down ~0.5% vs prior close)
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52‑Week Range: ₹205.00 – ₹345
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P/E Ratio: ~8.5×, Dividend Yield: ~5.0%
Technical Analysis Overview
Based on Investing.com technical scan:
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Overall Technical Rating: Strong Sell
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Moving Averages (MA5–MA200): All Sell signals
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MACD: –0.41 (Bearish)
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RSI (14-day): ~42.9 (Bearish zone)
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Other indicators (Stochastics, ADX, CCI, etc.): All Sell signals
Conclusion: Technicals remain weak, reflecting bearish momentum. Recovery may need significant support above ₹242–245.
Key Support & Resistance Levels
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Support Zones: ₹240.00 – ₹239.00
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Pivot resistance: ₹241.60 – ₹242.00
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Upper resistance cluster: Around ₹243.00–₹245.00
A clear breakout above ₹245 may open room for upside. A break below ₹239 could deepen correction.
2025 Price Targets from Analysts
Brokerage and forecast models see moderate upside:
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Emkay Global: Target ₹280 → ~15.6% upside from ₹241.8
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Anand Rathi: Target ₹290 in near term (~20% upside)
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ICICI Securities: Target revised to ₹350 (longer term) from ₹243.1
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Consensus (approx. 28 analysts): Median target ₹288.2; range ₹205–₹405
Target Table & Projection
| Scenario | Target Price (₹) | Implied Upside from ₹241.8 |
|---|---|---|
| Base Case | 280 | +15.6% |
| Bullish Short-term | 290 | +20.0% |
| Bullish Long-term | 350 | +44.6% |
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Current sentiment: Bearish technical environment; no immediate bounce expected.
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Potential recovery path: Only above ₹245–₹250 may momentum shift.
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Trade ideas:
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Aggressive long entry: ₹241–₹242 with target ₹280–₹290, stop-loss ₹235.
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Conservative view: Wait for confirmation above moving averages (₹245+).
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Risk Factors & Context
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Weak short-term technicals: Multiple oversold indicators but no reversal signs. Some oversold bounce possible but low conviction
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Valuation risk: P/E ~8.5×, but value may already be priced in; low growth expectations.
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Macro sensitivity: ONGC’s performance depends on crude prices and government policy.
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Target dispersion: Analyst range very wide (₹205–₹405), reflecting high uncertainty
