IOC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of Indian Oil Corporation Ltd (IOC)

📊 Trend Overview

Phase: Trending upward with moderate momentum

Price Action: Trading above both 50-DMA (₹143) and 200-DMA (₹142), confirming bullish alignment and trend continuation.

Volume: Stable (87L vs 87.4L), indicating consistent participation and healthy liquidity.

📈 Momentum Indicators

RSI (65.5): Bullish zone — approaching overbought territory, suggesting strength but caution for short-term traders.

MACD (0.72): Positive and diverging — confirms bullish momentum and trend continuation.

Bollinger Bands: Price likely near the upper band, indicating strength with potential for short-term resistance or pause.

🧭 Chart Patterns

Ascending Channel: Price has been forming higher lows from ₹111, indicating a sustained uptrend.

Breakout Setup: Price is approaching resistance near ₹150–₹155; a breakout above this zone could trigger a fresh rally.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 143 50-DMA, short-term base

Support 2 138 Previous swing low

Support 3 130 Long-term support zone

Resistance 1 155 Minor resistance zone

Resistance 2 165 Pre-high congestion zone

Major Resistance 182 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹143–₹147 (on dips with volume confirmation)

Short-Term Target: ₹155–₹165

Exit Zone / Stop-Loss: ₹138 (below swing support)

🔄 Short-Term Outlook

Momentum: Positive and building

Bias: Bullish above ₹143; cautious below ₹138

Phase: Trending — with breakout potential

🧠 Key Takeaways

IOC is in a healthy uptrend supported by bullish indicators and proximity to key resistance.

RSI and MACD confirm momentum, while moving averages reinforce trend strength.

A decisive close above ₹155 with volume could unlock upside toward ₹165–₹182.

Let me know if you’d like a chart visualization or screener of similar breakout energy sector stocks.

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