IOC - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.8

Here’s a focused analysis of Indian Oil Corporation (IOC) that captures its technical landscape and near-term trading potential

🔎 Trend Breakdown

IOC is currently priced at ₹148, hovering just above its 50-DMA (₹146) and 200-DMA (₹142) → indicates short-term resilience.

From ₹111 (low) to ₹186 (high), the stock shows strong historical uptrend, now stabilizing.

52-week index of 49.5% reflects solid year-over-year performance.

📊 Trend Status: Consolidating with mild bullish tilt.

📈 Momentum Indicators

RSI (48.2): In neutral territory → momentum is balanced, neither overbought nor oversold.

MACD (+0.92): Slightly positive and diverging from signal → hints at emerging bullish momentum.

Volume (46.0L) vs 1Wk Avg (76.7L): Slightly below average, suggesting lack of aggressive accumulation.

📉 Bollinger Bands

Likely trading near the mid-band, indicative of a sideways range.

No clear squeeze or breakout tension → volatility is in check, awaiting external trigger.

🧭 Support & Resistance Zones

Zone Type Price Zone (₹) Insights

Support 142 – 146 200-DMA cushion and near-term buying interest

Resistance 155 – 160 Last swing top and psychological level

Breakout Zone 162+ MACD spike + RSI > 55 would confirm breakout setup

🎯 Trade Strategy

Entry: ₹143–₹147 (near support and DMA zone)

Exit: ₹158–₹160 (short-term resistance targets)

Stop Loss: ₹138 (below 200-DMA to mitigate trend risk)

📌 Conclusion

IOC is technically firm and consolidating, with MACD slowly turning positive.

Support around DMAs makes it an attractive tactical setup, but volume confirmation is still needed.

A breakout above ₹162 with strength in RSI could unlock upside toward ₹170–₹175.

Want to compare IOC's setup with other oil PSU plays like BPCL and HPCL to spot rotational strength or divergence? Just say the word 🛢📊

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