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Technicals for Indian Oil Corporation Limited
By MusingTheNews
2025-05-30 20:40
Overall Technical outlook
Price Summary
On 2025-05-30, Indian Oil Corporation Limited's shares started at 143.7, peaked at 144.4, bottomed out at 141.21, and ended -1.2% lower at 141.97, with 28295523 shares traded. The stock reached its highest price of 182.95 and lowest price of 113.49 over the last 52 weeks. Analysts predict that the future price will fluctuate between 85.0 and 200.0, with the mean expected price being approximately 155.5.
Technicals
Support and Resistance: At 141.97, the price for IOC is supported at 139.62 and resisted at 144.72. This indicates a trading range where 139.62 serves as a support level, potentially preventing further decline, while 144.72 could limit upward movement. Support/Resistance for IOC
Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Aroon chart for Indian Oil Corporation Limited
Bol. Bands: The current state of the BOLL BANDS is neutral for IOC, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Bolinger Bands chart for Indian Oil Corporation Limited
Parabolic SAR: The PSAR remains in a bearish mode, setting a resistance level that could impede any upward movement. This resistance indicates that the market may continue to face bearish pressure, with limited potential for breaking higher. Parabolic Stop and Reverse chart for Indian Oil Corporation Limited
Stochastic: The STOCHASTIC is currently in a neutral position for Indian Oil Corporation Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Stochastic chart for Indian Oil Corporation Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, pointing to a downtrend. However, the slopes of the 20 and 50 SMAs are showing signs of wavering, suggesting that this bearish momentum may be weakening. This could indicate that a bullish reversal is imminent, with the market potentially shifting from its current downward trend to a more positive, upward trajectory. Tripple SMA chart for Indian Oil Corporation Limited
Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.
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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