ONGC Share Price Trends Sideways Amid Buy and Sell Signals

The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking that operates as the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70% of India's domestic production of crude oil and approximately 84% of natural gas.

The company's share price has been trending sideways, with technical analysis indicating a neutral stance. The RSI (14) is at 88.7, MACD is positive, and the trend is sideways. Support is at ₹99.09, while resistance is at ₹100.00.

According to technical indicators, the last close is above the 20-session average, suggesting a buy signal. However, the RSI is overbought above 70, indicating a sell signal. The MACD line is above zero, but the stochastic %K is overbought.