What is the key trigger for ONGC on February 23?

Watch whether price holds above ₹270-272 with rising open interest and firm volumes. A sustained move above that zone keeps momentum intact toward ₹280.80. Failure to hold could bring consolidation toward ₹265.91. Overnight crude moves and any policy headlines will also influence direction on the day.

Is the ONGC share price overbought now?

Momentum is elevated but not extreme. RSI is 62.82, while MFI at 80.72 is overbought. That means pullbacks can occur even in an uptrend. As long as price respects higher lows and key supports near ₹267.85-₹265.91, the broader structure remains constructive for the short term.

What are the near-term support and resistance levels?

Immediate resistance is the 52-week high at ₹280.80, then the upper Bollinger Band near ₹284.92. Supports are at the day low ₹267.85 and Keltner middle around ₹265.91. Deeper supports sit near the 50-DMA ₹247.41 and 200-DMA ₹244.18 for positional traders.

How do fundamentals stack up for ONGC now?

Valuation looks reasonable with P/E at 9.21 and P/B at 0.95, plus a 4.84% dividend yield. ROE is 10.36% and debt-to-equity is 0.48. These provide a cushion if sentiment cools. Upcoming results on May 19, 2026, and crude price trends will be key for the next leg.

Global Market Insights

ONGC.NS Stock Today: OI Surge, 52-Week High in Focus – February 23

ByDanny Kontos February 23, 2026February 23, 2026

ONGC share price is in focus after a strong derivatives signal and a new 52-week high of ₹280.80. On February 20, open interest rose 10.38% with 14,723 fresh contracts as price and volume advanced together, hinting at long build-up. The stock last closed at ₹274.65 with day high ₹276.45 and volume of 37,728,943 versus 12,487,047 average. With crude swings and policy cues in play, traders will watch if ONGC stock today extends gains toward the recent top while managing risk near supports.