IOC

Stock To Watch...

Indian Oil Corp Ltd. (IOC) is showing signs of a bullish reversal on the daily chart after a prolonged downtrend. The stock has broken above its 100-day EMA (₹132.7) and is now trading above both the 21-day (₹131.6) and 100-day EMAs, indicating improving strength and positive momentum. The price has formed a higher low structure and is attempting to break the neckline of a rounding base, which is a bullish setup. The volume has increased noticeably, supporting the breakout attempt. If the price sustains above ₹139, the next target lies near ₹153.6, which offers a potential 10.4% upside. However, failure to hold above ₹133–₹134 zone may delay the move. Overall, the technical setup favors a bullish continuation toward the ₹150+ zone in the near term.