IOC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | IOC | Market Cap | 2,09,743 Cr. | Current Price | 148 ₹ | High / Low | 189 ₹ |
| Stock P/E | 6.42 | Book Value | 133 ₹ | Dividend Yield | 4.71 % | ROCE | 7.26 % |
| ROE | 6.41 % | Face Value | 10.0 ₹ | DMA 50 | 166 ₹ | DMA 200 | 158 ₹ |
| Chg in FII Hold | 0.88 % | Chg in DII Hold | -0.42 % | PAT Qtr | 12,126 Cr. | PAT Prev Qtr | 7,610 Cr. |
| RSI | 28.6 | MACD | -5.84 | Volume | 2,15,64,213 | Avg Vol 1Wk | 2,29,94,778 |
| Low price | 120 ₹ | High price | 189 ₹ | PEG Ratio | -0.29 | Debt to equity | 0.74 |
| 52w Index | 41.3 % | Qtr Profit Var | 420 % | EPS | 23.2 ₹ | Industry PE | 13.7 |
📉 Chart & Trend: IOC is trading at ₹148, well below its 50 DMA (₹166) and 200 DMA (₹158), confirming a bearish bias.
📊 RSI: At 28.6, RSI is oversold, suggesting weak momentum but potential for a short-term rebound.
📉 MACD: Negative at -5.84, reinforcing bearish momentum and lack of immediate recovery signals.
📈 Bollinger Bands: Price is near the lower band, indicating oversold conditions and possible short-term bounce if support holds.
📊 Volume Trends: Current volume (2.15 Cr) is slightly below the 1-week average (2.29 Cr), showing reduced participation and weak conviction.
📌 Momentum Signals: Short-term momentum is negative. Sustaining above ₹145–₹150 support is crucial; a breakout above ₹160 could trigger recovery.
🎯 Entry Zone: ₹145–₹150 (support zone, cautious entry).
🎯 Exit Zone: ₹165–₹175 (resistance zone, profit-taking advisable).
🔎 Trend Status: The stock is trending downward with oversold signals and weak momentum.
Positive
- Quarterly PAT surged to ₹12,126 Cr from ₹7,610 Cr (+420%).
- EPS at ₹23.2 supports valuations.
- Dividend yield of 4.71% provides strong income support.
- Debt-to-equity ratio at 0.74 indicates manageable leverage.
- FII holdings increased (+0.88%).
Limitation
- ROE at 6.41% and ROCE at 7.26% are modest compared to peers.
- PEG ratio at -0.29 suggests weak growth valuation clarity.
- Price trading below both DMA 50 and DMA 200.
- RSI and MACD show weak momentum.
Company Negative News
- DII holdings decreased (-0.42%).
- Weak technical momentum with bearish MACD.
- Stock under pressure technically with oversold signals.
Company Positive News
- Strong quarterly profit growth (+420%).
- Dividend yield of 4.71% adds investor appeal.
- FII inflows show confidence in the company.
Industry
- Industry PE at 13.7 is higher than IOC’s P/E of 6.42, showing relative undervaluation.
- Oil & gas sector is cyclical, driven by global crude prices, refining margins, and government policies.
Conclusion
⚠️ IOC is in a bearish trend with oversold technical indicators. While fundamentals are supported by strong profit growth, dividend yield, and manageable debt, weak ROE/ROCE and declining DII interest limit attractiveness. Short-term traders may consider entry near ₹145–₹150 with strict stop-loss, targeting ₹165–₹175. Long-term investors can accumulate gradually, given undervaluation relative to industry PE and strong dividend support.
Selva, since you’re benchmarking energy and refining plays, I can prepare a peer overlay with BPCL, HPCL, and ONGC to compare IOC’s momentum against sector rotation signals. Would you like me to add that basket scan for clearer compounding opportunities?