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2020 Indian Oil (IOC) technical analysis [forecast] stock price targets

Indian Oil technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Indian Oil deals in Oil Marketing & Distribution Indian Oil option chain analysis

Date Close Open High Low Volume
28 Mon Sep 75.65 75.00 76.60 74.30 160.96 lakhs
25 Fri Sep 74.10 72.35 74.40 71.85 247.54 lakhs
24 Thu Sep 72.00 75.00 75.20 71.65 245.59 lakhs
23 Wed Sep 75.95 76.50 77.20 75.35 191.24 lakhs
22 Tue Sep 76.15 78.10 78.40 75.40 205.39 lakhs
IOC chart

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 76.8, but if it comes above 76.8, then a intra day buy could be more profitable.
If you take a sell trade below 76.8, then use 76.8 as stoploss and 72.2 as target. However if you take a buy trade in stock , then use 76.8 as stoploss and 80.72 as target.

  • Daily Price action analysis of IOC based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

  • Daily Price action analysis of IOC based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

  • Daily Price action analysis of IOC based on a mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Intraday technical analysis of Indian Oil

Stock is trading at 74.80 as on 29 Tue Sep 12:20

Day open is at 76.00, day high is at 76.25, day low is at 74.20, and day volume is at 2196.97 lakhs so far.

First 15 minute high low range is 75.50 - 76.25

First hour high low range is 74.20 - 76.25

Date Intraday Price Open High Low Volume
29 Tue Sep 12:20 74.80 76.00 76.25 74.20 8405121
29 Tue Sep 12:15 74.70 76.00 76.25 74.20 8335212
29 Tue Sep 12:10 74.90 76.00 76.25 74.20 8195462
29 Tue Sep 12:05 75.00 76.00 76.25 74.20 8172831
29 Tue Sep 12:00 74.90 76.00 76.25 74.20 8154649
Intraday IOC chart

Trend of Indian Oil is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Indian Oil (IOC) intraday stock price targets

  • EntEntry: 75.88 or 75.7875
  • Upside target: 76.25
  • Downside target : 74.75
  • Second Upside target: 77.28
  • Second Downside target : 74.98

Indian Oil (IOC) weekly technical analysis

Date Weekly Close Open Range Volume
28 Mon Sep 75.65 75.00 74.30
76.60
160.962 lakhs
25 Fri Sep 74.10 80.80 71.65
81.00
1114.986 lakhs
18 Fri Sep 80.70 83.20 80.25
83.80
702.933 lakhs
11 Fri Sep 83.10 84.50 79.30
84.95
1027.524 lakhs
04 Fri Sep 83.90 88.50 82.75
91.75
1378.823 lakhs
weekly IOC chart

Weekly forecast of Indian Oil is positive. Buyers dominated the stock this week, and this trend might continue for a few days

Weekly Price action analysis of Indian Oil based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Weekly Price action analysis of Indian Oil based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Indian Oil (IOC) Monthly technical analysis

Date Monthly Close Open Range Volume
28 Mon Sep 75.65 85.80 71.65
86.60
3676.725 lakhs
31 Mon Aug 85.80 88.35 84.55
91.75
4646.655 lakhs
31 Fri Jul 88.45 85.65 82.50
95.65
6154.95 lakhs
30 Tue Jun 85.35 85.30 83.75
96.40
5385.573 lakhs
29 Fri May 83.20 82.65 71.15
84.70
2945.094 lakhs
monthly IOC chart

Monthly forecast of Indian Oil is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Indian Oil based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Monthly Price action analysis of Indian Oil based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Indian Oil Daily stock price targets

  • Upside daily target: 83.68
  • Upside daily target: 79.35
  • Downside daily target: 75.53
  • Downside daily target: 70.05

Indian Oil Weekly stock price targets

  • Upside weekly target: 92.3
  • Upside weekly target: 87.83
  • Upside weekly target: 83.65
  • Upside weekly target: 78.83
  • Downside weekly target: 74.98
  • Downside weekly target: 68.2

Indian Oil Monthly stock price targets

  • Upside monthly target: 128.58
  • Upside monthly target: 120.83
  • Upside monthly target: 112.05
  • Upside monthly target: 106.48
  • Upside monthly target: 98.63
  • Upside monthly target: 93.3
  • Upside monthly target: 88.78
  • Upside monthly target: 84.55
  • Upside monthly target: 80.4
  • Upside monthly target: 76.39
  • Downside monthly target: 66.18
  • Downside monthly target: 58.83

Indian Oil (IOC) indicators technical analysis

Price action analysis of Indian Oil (IOC) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Indian Oil stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Indian Oil in short term and the sell signal is strong.

Indian Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Indian Oil in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Indian Oil is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 77.19 and Indian Oil IOC stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Indian Oil IOC stock. Volume based technical analysis of Indian Oil IOC stock is negative.

Indian Oil Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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chart IOC