IOC

Technical View (Daily Chart) Trend: Stock has been under short-term pressure but is attempting a minor recovery after a recent correction. Moving Averages: 14-day EMA ~ Near current price; acting as resistance 50-day & 100-day EMAs above price → trend still weak in medium-term Indicators: RSI (42.5): Neutral zone, showing potential for mild upside if momentum sustains. MACD: Bearish crossover, but histogram showing signs of flattening → selling pressure reducing. Parabolic SAR: Below recent candles, indicating early signs of bullish reversal. Support: ₹140 – ₹138 zone Resistance: ₹146 – ₹150 zone Technical Bias: Neutral to mildly bullish if price sustains above ₹145. Upcoming Events & Impact Q1 FY26 Results: Expected in coming weeks; refining margins & marketing margins will be key. Oil Price Trends: If crude stabilizes below $80, IOC margins could improve. Government Announcements: Independence Day & pre-budget energy policy hints could boost sentiment. New Projects: IOC has announced green hydrogen & renewable energy projects in the pipeline; long-term positive. Stock Outlook & Portfolio Decision Short Term (1–3 months): If sustains above ₹145, could target ₹150–₹155. Medium to Long Term: Given strong dividend yield & strategic PSU status, IOC can be a buy on dips for income + moderate growth. Risk: Crude price spikes, government-imposed price freezes, or global recession.