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Technicals for Indian Oil Corporation Limited
By MusingTheNews
2025-06-13 20:39
Overall Technical outlook
Price Summary
On 2025-06-13, Indian Oil Corporation Limited's stock started at 139.0, soared to 143.19, dropped to 137.01, and finished the day 0.96% higher at 140.34, with a trading volume of 23703965 shares. The stock's highest price over the 52-week span is 182.95, while the lowest price is 113.49. The future price of IOC is projected to range from 85.0 to 200.0, with an average expected price of 155.5, according to 30 analysts.
Technicals
Support and Resistance: At 140.34, the price is supported at 139.62 and faces resistance at 144.72. This range suggests that the price for IOC might stay between these levels, with 139.62 acting as a floor and 144.72 as a ceiling. Support/Resistance for IOC
Aroon: The continuation of Aroon's bearish trend, with Aroon Down remaining at 100, indicates sustained market weakness for Indian Oil Corporation Limited. To fully assess the implications of this trend, it should be examined in conjunction with other technical indicators. Aroon chart for Indian Oil Corporation Limited
Bol. Bands: The current price for IOC has recently crossed above the lower Bollinger Band after previously trading below it. This movement suggests a potential shift in market sentiment, as the price has rebounded from an oversold condition. The upward crossover could indicate the beginning of a bullish trend or at least a temporary recovery, signaling that the downward momentum may be easing. Bolinger Bands chart for Indian Oil Corporation Limited
Parabolic SAR: The PSAR has just reversed from bullish to bearish for Indian Oil Corporation Limited, suggesting a possible trend change. If supported by a broader market trend, this could be a very bearish signal. Traders should monitor other indicators for confirmation before taking action based on this reversal. Parabolic Stop and Reverse chart for Indian Oil Corporation Limited
Stochastic: The current state of the STOCHASTIC is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Stochastic chart for Indian Oil Corporation Limited
Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Tripple SMA chart for Indian Oil Corporation Limited
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
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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