IOC NEWS why is Indian Oil Corporation Limited price falling or rising

IOC NEWS reasons for why stock price of Indian Oil Corporation Limited is falling or rising

IOC Indian Oil is falling or rising technical reasons

Technical analysis forecast of Indian Oil Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Indian Oil IOC at this time. Stock is rising and might rise more.

It appears as if Indian Oil IOC gave a large move recently.

Stock of Indian Oil (IOC) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Indian Oil is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 176.7, for a target of 172.9 or 169.77

IOC Indian Oil is falling or rising NEWS fundamental reasons

Company Announcement - NEWS as on 2024-07-22

Indian Oil to triple gas sales, boost renewable energy to 31 GW by 2030 The company aims to establish a 5 GWh lithium-ion battery production capacity by 2031 as part of its strategy to diversify its energy portfolio - NEWS as on 2024-07-22 business-standard.com

Indian Oil sets out its non-oil business plan Indian Oil Corp aims to triple natural gas sales and increase renewable energy capacity to 31 GW by 2030, while building 5 GWh of lithium-ion battery-making capacity by 2031. The company is diversifying its energy offerings, including a strategic agreement - NEWS as on 2024-07-22 indiatimes.com

Largest oil firm IOC targets trillion revenue by 2047: Chairman Vaidya Indian Oil Corporation, the nation's largest oil firm, is targeting to become a USD 1 trillion company by 2047, combining growth in traditional oil refining and fuel marketing with clean energy avenues like green hydrogen and EV charging, its chairman said - NEWS as on 2024-07-21 business-standard.com

Company Announcement Indian Oil Corporation Limited has informed the Exchange about Copy of Newspaper Publication regarding public notice of convening 65th AGM of IndianOil - NEWS as on 2024-07-18

Board Meeting to discuss Financial Results To consider and approve the financial results for the period ended Jun 30, 2024 - NEWS as on 2024-07-15

Company Announcement Indian Oil Corporation Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 2024 - NEWS as on 2024-07-12

Company Announcement Indian Oil Corporation Limited has informed the Exchange about Copy of Newspaper Publication - NEWS as on 2024-06-27

More announcements and NEWS

IOC Indian Oil Corporation Limited current price & indicator signals

Moving Averages for Indian Oil Corporation Limited

  • 5Day Average: 170.77
  • 12Day Average: 169.92
  • 20Day Average: 169.97
  • 50Day Average: 167.57
  • 100Day Average: 167.65
  • 150Day Average: 162.98
  • 200Day Average: 147.82

IOC Indicators & signals

Indicator MACD (12,26,9)

170.6, 169.33, 0.73
Indicator MACD is in positive zone

Indicator ADX (14)

12.33, 24.65, 19.24
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of IOC Indian Oil Corporation Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Jul 2024 176.55 175.55 to 178.92 -0.17% 0.9 times
25 Thu Jul 2024 176.85 166.54 to 177.56 4.78% 2.5 times
24 Wed Jul 2024 168.79 165.56 to 169.25 1.79% 0.53 times
23 Tue Jul 2024 165.82 160.66 to 169.35 0% 0.72 times
23 Tue Jul 2024 165.82 160.66 to 169.35 -1.41% 0.72 times
22 Mon Jul 2024 168.19 163.88 to 169.00 1.63% 0.56 times
19 Fri Jul 2024 165.49 165.15 to 170.90 -2.43% 0.87 times
18 Thu Jul 2024 169.61 168.66 to 171.66 -0.66% 0.75 times
16 Tue Jul 2024 170.74 169.25 to 172.30 0.61% 1.11 times
15 Mon Jul 2024 169.70 166.40 to 170.32 1.59% 1.08 times
12 Fri Jul 2024 167.04 166.11 to 169.25 -4.24% 1.16 times
11 Thu Jul 2024 174.44 172.25 to 175.80 1.48% 1.82 times

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