ONGC

ONGC View: Bullish on dips | Momentum + Oil theme support Rationale: Crude oil volatility keeps energy stocks in focus. Defensive sector rotation happening amid global uncertainty. PSU energy names showing relative strength during market corrections. Technical View: Support: 270 Resistance: 292 Above 292 → Momentum breakout possible Strategy: Buy on dips near support zones rather than chasing highs. Risk: If market sentiment weakens sharply, PSU stocks can also see profit booking. Opinion: ONGC remains a strong candidate for short-term positional momentum as long as crude sentiment stays firm.