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Technicals for Indian Oil Corporation Limited
By MusingTheNews
2025-04-25 20:39
Overall Technical outlook
Price Summary
Indian Oil Corporation Limited had a lacklustre day at the stock market, and its shares slid -2.71%. On 2025-04-25, Indian Oil Corporation Limited's stock began at 138.4, peaked at 139.5, declined to 132.82, and ended the day -2.71% down at 134.65, with 14660452 shares traded. The stock reached its highest price of 182.95 and lowest price of 113.49 over the last 52 weeks. 31 analysts suggest that IOC's future price will lie between 85.0 and 205.0, with an average expected price of roughly 149.22581.
Technicals
Support and Resistance: With the current price at 134.65, support is found at 130.71 and resistance at 137.75. These levels indicate where buyers might step in at 130.71, while sellers could limit gains at 137.75, defining a trading boundary for Indian Oil Corporation Limited. Support/Resistance for IOC
Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Aroon chart for Indian Oil Corporation Limited
Bol. Bands: The BOLL BANDS is showing a neutral stance, not indicating a clear upward or downward trend for Indian Oil Corporation Limited. This suggests a period of market balance, where neither side is showing dominance. Bolinger Bands chart for Indian Oil Corporation Limited
Parabolic SAR: The PSAR continues to signal a bullish outlook, establishing a key support level that reinforces the market's upward momentum. This support could serve as a base for continued gains, suggesting that the bullish trend is likely to persist. Parabolic Stop and Reverse chart for Indian Oil Corporation Limited
Stochastic: The stochastic indicator reflects the K-line dropping below the D-line, though it remains above 80, pointing to a possible start of a bearish price move. This could be an early sign that the market's upward trend is reversing, potentially leading to a decline. Traders should be on the lookout for further bearish signals. Stochastic chart for Indian Oil Corporation Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Tripple SMA chart for Indian Oil Corporation Limited
Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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