Indian Oil Corporation Ltd – 1D

Trend: Fresh bullish expansion after long consolidation. Strong momentum candle into supply. Support: 174 → 169 → 164 Resistance: 181 (major), then 188 Expected Move: Sustaining above 174 keeps structure bullish. Acceptance above 181 can trigger momentum leg. Business (short): India’s largest OMC; refining, pipelines, marketing with strong PSU backing. Verdict: Strength after base. Watching 181 for continuation. Disclaimer: Educational analysis only. Not buy/sell advice.