NSE – NIFTY 750 | ONGC | 12 Feb 2026

 

Overview

Monthly structural view of ONGC as part of the NIFTY 750 Structure Census.
Analysis focuses purely on long-term structural behaviour and regime characteristics — not directional forecasting.

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Structural Position

Structure assessed from earliest reliable data.

Cyclical base → multi-year range expansion → structural breakdown → recovery phase observed.

The stock experienced prolonged cyclical movement within a broad range context, followed by structural weakness during 2015–2020.

Post-2020, a recovery regime has developed, but price still operates within a long-term range environment.

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Market Context

• 2003–2014: Range-bound cyclical behaviour with commodity-driven expansions.

• 2015–2020: Structural breakdown phase.

• 2020–Present: Recovery impulse within broader historical range.

No confirmed long-term breakout from historical range ceiling yet.

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Structural Behaviour

Current Phase:
Recovery regime inside higher-timeframe range structure.

Price is stabilizing above post-2020 lows but remains within long-term cyclical boundaries.

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Key Zones (Structural Reference Only)

• Major long-term support: Post-2020 structural low zone

• Overhead structural resistance: Historical range ceiling (2011–2014 cluster region)

No projection targets applied.

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Conclusion

ONGC remains in structural recovery mode within a broader cyclical range framework.
Dominant long-term trend resolution is not yet confirmed.

This is a structural update, not a directional call.

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Disclaimer

This study is for educational and structural analysis purposes only. It does not constitute investment advice or a recommendation to buy or sell securities.

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https://www.tradingview.com/chart/ONGC/CBTYBuz7-NSE-NIFTY-750-ONGC-12-Feb-2026/