IOC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | IOC | Market Cap | 2,25,696 Cr. | Current Price | 160 ₹ | High / Low | 174 ₹ |
| Stock P/E | 9.86 | Book Value | 133 ₹ | Dividend Yield | 3.13 % | ROCE | 7.26 % |
| ROE | 6.41 % | Face Value | 10.0 ₹ | DMA 50 | 161 ₹ | DMA 200 | 153 ₹ |
| Chg in FII Hold | 0.88 % | Chg in DII Hold | -0.42 % | PAT Qtr | 7,610 Cr. | PAT Prev Qtr | 5,689 Cr. |
| RSI | 46.9 | MACD | -0.47 | Volume | 82,35,663 | Avg Vol 1Wk | 1,33,57,732 |
| Low price | 111 ₹ | High price | 174 ₹ | PEG Ratio | -0.44 | Debt to equity | 0.74 |
| 52w Index | 76.8 % | Qtr Profit Var | 1,016 % | EPS | 16.6 ₹ | Industry PE | 9.25 |
📊 Chart Patterns & Trend: IOC is consolidating near the 160 ₹ zone. Price is slightly below the 50 DMA (161 ₹) but above the 200 DMA (153 ₹), indicating medium-term support but short-term indecision. Support is visible near 155–157 ₹, while resistance lies around 168–174 ₹.
📈 Moving Averages: Price trading above the 200 DMA shows medium-term bullish bias, but failure to hold above the 50 DMA reflects short-term weakness.
📉 RSI: At 46.9, RSI is neutral, suggesting sideways consolidation with limited buying strength.
📉 MACD: Slightly negative (-0.47), showing mild bearish crossover and lack of strong momentum.
📊 Bollinger Bands: Price is near the mid-band, reflecting consolidation. Breakout above 165–168 ₹ could trigger momentum toward 174 ₹.
📊 Volume Trends: Current volume (82.3 lakh) is lower than average weekly volume (133.5 lakh), showing reduced participation and lack of strong buying support.
🎯 Entry Zone: 155–160 ₹ (support zone).
🎯 Exit Zone: 168–174 ₹ (resistance zone).
🔑 Stop Loss: 152 ₹ (below 200 DMA support).
Positive
- Dividend yield of 3.13% adds strong income stability.
- EPS at 16.6 ₹ supports valuation strength.
- Quarterly PAT surged from 5,689 Cr. to 7,610 Cr. (1,016% growth).
- Price trading above 200 DMA supports medium-term strength.
- FII holdings increased (+0.88%), showing foreign investor confidence.
Limitation
- Price trading below 50 DMA confirms short-term weakness.
- ROCE at 7.26% and ROE at 6.41% are modest compared to peers.
- PEG ratio at -0.44 indicates poor growth-adjusted valuation.
- Volume participation is weak compared to averages.
Company Negative News
- DII holdings decreased (-0.42%), showing reduced domestic institutional confidence.
- Stock corrected from 174 ₹ to 160 ₹, reflecting investor caution.
Company Positive News
- Quarterly PAT growth highlights strong operational performance.
- FII inflows (+0.88%) show foreign investor confidence.
- Strong 52-week performance with 76.8% index gain.
Industry
- Industry PE at 9.25 vs. stock PE at 9.86 highlights fair valuation.
- Oil & gas sector supported by energy demand and government reforms.
Conclusion
⚖️ IOC is in a consolidation phase with mild bearish signals (MACD negative, RSI neutral). Medium-term outlook remains supported by strong fundamentals, dividend yield, and FII inflows. Entry near 155–160 ₹ offers margin of safety, while breakout above 168 ₹ could trigger momentum toward 174 ₹. Risk management is essential due to modest return ratios and weak volume participation.
Would you like me to extend this into a peer benchmarking overlay with other OMCs (like BPCL, HPCL, and ONGC) to highlight relative strength and sector rotation opportunities?