ONGC 233 , Hindalco 953. Are these stocks going to go down further

News Topical, Digital Desk : The June 25th trading session was a strong rally in the market as even the rising market saw the shares of two major companies fall. In fact, ONGC and Hindalco shares lost over 2 percent. Both stocks have been under pressure for several days and the weakness deepened on Thursday.

ONGC and Hindalco had very poor closings. This has raised fears of further declines in both stocks. Sachin Gupta of Choice Equity Broking has provided key levels for both stocks for Monday trading session.

What can you do in ongc?

“ONGC shares are in a downtrend for the last 3-4 weeks,” said Sachin Gupta. The stock which was trading between ₹285 and ₹290 has now come down to around ₹233. The stock is finding strong support at the ₹230 level now. The stock closed at ₹233 and may slip another ₹2-₹3 to touch ₹230.

The 230 level is a key level to watch for investors, he said. If the stock can hold above the important 230 level, it is expected to rally strongly from here. Hence, wait for the 230 level before making your future investment decision.

Hindalco also offers dips

Shares of Hindalco and the entire metals sector have witnessed a consistent downward trend, said Sachin Gupta. Stock that zoomed from ₹840 to ₹1,170 between March and May 2026 has now fallen below a crucial technical support.

Technical indicators (such as RSI) clearly suggest the stock’s weakness continuing and the stock falling further by about Rs 30 from the current price.

Rs 920 will be the next support for Hindalco scrip after Rs 930. The support at Rs 920 is strong and may halt the downside. On the upside, the stock may face strong resistance at Rs 975.