IOC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | IOC | Market Cap | 2,00,875 Cr. | Current Price | 142 ₹ | High / Low | 189 ₹ |
| Stock P/E | 6.15 | Book Value | 133 ₹ | Dividend Yield | 4.92 % | ROCE | 7.26 % |
| ROE | 6.41 % | Face Value | 10.0 ₹ | DMA 50 | 151 ₹ | DMA 200 | 154 ₹ |
| Chg in FII Hold | 1.27 % | Chg in DII Hold | -0.90 % | PAT Qtr | 12,126 Cr. | PAT Prev Qtr | 7,610 Cr. |
| RSI | 42.4 | MACD | -1.64 | Volume | 1,79,16,777 | Avg Vol 1Wk | 1,36,82,662 |
| Low price | 130 ₹ | High price | 189 ₹ | PEG Ratio | -0.28 | Debt to equity | 0.74 |
| 52w Index | 20.5 % | Qtr Profit Var | 420 % | EPS | 23.2 ₹ | Industry PE | 15.7 |
📉 IOC is trading below both its 50 DMA (₹151) and 200 DMA (₹154), reflecting short-term and medium-term weakness. RSI at 42.4 indicates bearish momentum, while MACD at -1.64 confirms negative crossover. Bollinger Bands show price near the lower band, reflecting selling pressure. Current volume (1.79 Cr.) is above average (1.36 Cr.), suggesting strong participation on the downside.
🔑 Short-term momentum signals: Bearish bias, with potential rebound only if price sustains above ₹145–₹150.
🎯 Entry Zone: ₹138–₹142 (support region)
🚪 Exit Zone: ₹155–₹160 (resistance region)
📊 Trend Status: Consolidating with bearish tilt
Positive
- Strong quarterly PAT growth (+420%) from ₹7,610 Cr. to ₹12,126 Cr.
- Dividend yield of 4.92% provides steady income
- EPS at ₹23.2 supports valuation strength
- FII holdings increased (+1.27%), showing foreign investor confidence
- Low P/E (6.15) compared to industry average (15.7), indicating undervaluation
Limitation
- Price trading below both 50 DMA and 200 DMA
- Weak ROE (6.41%) and ROCE (7.26%)
- PEG ratio at -0.28 indicates poor growth valuation
- Decline in DII holdings (-0.90%)
- Bearish RSI and MACD confirm weak technical momentum
Company Negative News
- Stock under pressure with price below long-term averages
- Weak profitability ratios despite strong PAT
- Decline in domestic institutional holdings
Company Positive News
- Quarterly PAT surged significantly (+420%)
- FII inflows (+1.27%) support investor sentiment
- Dividend yield at 4.92% adds income cushion
Industry
- Industry PE at 15.7 highlights sector trading at higher multiples
- Oil & gas sector remains volatile with global crude price fluctuations
Conclusion
⚖️ IOC shows strong earnings growth and attractive dividend yield, but technicals remain weak with price below key moving averages and bearish RSI/MACD. Entry near ₹138–₹142 offers tactical opportunity, with profit booking around ₹155–₹160. Trend remains consolidative with bearish tilt, requiring breakout above 200 DMA (₹154) for sustained upside momentum.
Would you like me to extend this into a sector overlay comparing IOC against BPCL, HPCL, and ONGC to highlight relative strength and valuation positioning within the oil & gas sector?