Price and trend forecast of IOC for Tomorrow, Weekly, Monthly
Indian Oil Corporation Limited
Symbol: NSE:IOC
ISIN: INE242A01010
133.12
As on 2024-11-19
IOC's Today's Performance
Indian Oil Corporation Limited started the day by opening at 134.86 today 2024-11-19. Its shares reached a high of 136.68 and dipped to a low of 132.65 in intraday. When the markets closed, IOC’s stock price settled at ₹133.12 per share. Also check out its key support and resistance levels.
IOC Buy/Sell Targets
Tomorrow, sell IOC when its price reaches ₹ 133.12 with a stop-loss order at ₹ 134.72. You can set the target price as ₹ 131.52 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of IOC for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for IOC
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 136 |
| Tomorrow Down Target 2 | 138 |
| Tomorrow Down Target 3 | 140 |
Important Levels for IOC
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 132 |
| Tomorrow Up Target 2 | 130 |
| Tomorrow Up Target 3 | 128 |
Based on where the stock opens tomorrow, if IOC opens on a positive note, our first target will be ₹136. If Target 1 is achieved, we will aim for Target 2 which is ₹138.
But if IOC falls below the average value of ₹134.15, you can enter a sell side position with target number 1 - ₹132 and second target - ₹130 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of IOC
Looking at IOC, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, IOC has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for IOC is moderate bearish.
Tomorrow's Volume based share price Forecast for IOC
IOC's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 27%.
Reversal detection for IOC
IOC may trend may continue to be bearish since stock is making lower low and we can get target of ₹134 in morning tomorrow
| Target 1 tomorrow | 136 |
| Target 2 tomorrow | 137 |
| Target 3 tomorrow | 138 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with IOC's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if IOC opens on a positive note, our first target will be ₹135.65. If Target 1 is achieved, we will aim for Target 2 which is ₹138.18.
But if IOC falls below the average value of ₹134.15, you can enter a sell side position with target number 1 - ₹131.62 and second target - ₹130.12
IOC's Weekly Targets
| 1st Up Target | 135.65 |
| 2nd Up Target | 138.18 |
| 1st Down Target | 131.62 |
| 2nd Down Target | 130.12 |
As the week for IOC ended on bearish sentiments, we can expect further continuation of this sentiment. IOC's initial target will be 135.65 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 131.62 in the upcoming week.
Weekly OHLC Values
| Open | 135.13 |
| High | 136.68 |
| Low | 132.65 |
| Close | 133.12 |
Week for IOC started with an open price of 135.13, and the close was at 133.12. IOC reached the highest of 136.68 and dipped lowest up to 132.65 last week. This indicates a bearish sentiment for the week.
IOC full month swing targets
| Monthly Up Target 1 | 139.68 |
| Monthly Up Target 2 | 142.21 |
| Monthly Down Target 1 | 127.59 |
| Monthly Down Target 2 | 122.06 |
Targets of ₹139.68 can be expected to be reached in the coming month. Once IOC achieved this target, we can aim for the next upside target of ₹142.21.
IOC if fails to hold upside, down targets of ₹127.59 and ₹122.06 can be achieved by end of this month.
For complete three weeks if IOC is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as IOC
| Symbol | Name | Industry |
|---|---|---|
| RELIANCE | Reliance Industries Limited | Oil & Gas Refining & Marketing |
| ADANIENT | Adani Enterprises Limited | Thermal Coal |
| ONGC | Oil & Natural Gas Corporation Limited | Oil & Gas Integrated |
| COALINDIA | Coal India Limited | Thermal Coal |
| IOC | Indian Oil Corporation Limited | Oil & Gas Refining & Marketing |
Summary
IOC is expected to reach the target of 135.65 in tomorrow's trading session.
After achieving the initial target in IOC, we will aim for higher targets of 138.18 tomorrow.
However, if IOC starts to trade below ₹134.15, then we will shift our focus to the sell side and aim for down targets of 131.62 and 130.12.