IOC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.4

📈 IOC is in a strong uptrend with bullish momentum and breakout signals, though short-term caution is warranted due to overbought indicators.

📊 Technical Analysis

• Trend Status: Trending — price is at its 52-week high and well above both 50-DMA and 200-DMA.
• Moving Averages: Price ₹168 is above 50-DMA (₹151) and 200-DMA (₹145), confirming a strong bullish trend.
• RSI (75.1): Overbought zone, indicating strong momentum but potential for short-term pullback.
• MACD (3.54): Bullish crossover, reinforcing upward momentum.
• Bollinger Bands: Price near upper band, suggesting strength but also short-term resistance.
• Volume: Current volume (2.65 Cr) is slightly below weekly average (3.68 Cr), indicating some cooling after the breakout.

🎯 Entry & Exit Zones

• Support Levels: ₹160, ₹151 (50-DMA), ₹145 (200-DMA)
• Resistance Levels: ₹172, ₹180
• Optimal Entry: ₹158–₹162 (on pullback)
• Exit Target: ₹172–₹180 (resistance zone)

✅ Positive

• Quarterly PAT surged from ₹5,689 Cr to ₹7,610 Cr, showing strong earnings momentum.
• EPS of ₹16.6 and P/E of 10.4 indicate attractive valuation.
• FII and DII holdings increased, reflecting institutional confidence.
• Dividend yield of 1.82% adds income appeal.

⚠️ Limitation

• RSI in overbought territory may lead to short-term correction.
• PEG ratio of -0.47 suggests valuation concerns relative to growth expectations.
• ROCE (7.26%) and ROE (6.41%) are modest, indicating average capital efficiency.

📉 Company Negative News

• Stock is at its 52-week high, which may act as psychological resistance.

📈 Company Positive News

• Quarterly profit variation of 1,016% reflects a significant turnaround in performance.
• Zero debt-to-equity concerns with a manageable ratio of 0.74.

🏭 Industry

• Oil & Gas sector remains volatile but benefits from global energy demand and pricing dynamics.
• Industry P/E (21.4) is higher than IOC’s (10.4), suggesting relative undervaluation.

🧾 Conclusion

• IOC is trending strongly with bullish technicals and robust earnings growth.
• Entry near ₹158–₹162 could offer a favorable risk-reward setup with targets around ₹172–₹180.
• Investors should monitor RSI and volume for signs of continuation or short-term exhaustion.