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 for Indian Oil Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Indian Oil IOC at this time. Stock is falling and might fall more.

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

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

My analysis of Indian Oil is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Indian Oil stays below 167.4, but if it comes above 167.4, then a intra day buy could be more profitable.
If you take a sell trade below 167.4, then use 167.4 as stoploss and 164.4 as target. However if you take a buy trade in Indian Oil, then use 167.4 as stoploss and 169.86 as target.

IOC Indian Oil is falling or rising NEWS fundamental reasons

Slipping profits in Q4FY24 due to inventory loss, says Indian Oil IOCL said crude throughput for Q4 reached record levels of 73,308 MMT in FY24 - NEWS as on 2024-05-03 business-standard.com

Company Announcement - NEWS as on 2024-05-02

Company Announcement Indian Oil Corporation Limited has informed the Exchange regarding 'Outcome of the Board Meeting : - NEWS as on 2024-04-30

Indian Oil Corporation consolidated net profit declines 49.96% in the March 2024 quarter Sales decline 2.56% to Rs 198649.76 crore - NEWS as on 2024-04-30 business-standard.com

Indian Oil Q4FY24 results: Net profit shrinks 50% to Rs 5,149 crore Annual net profit up 268% to Rs 43,161 crore, helped by Russian discounts - NEWS as on 2024-04-30 business-standard.com

Board Meeting to discuss Financial Results/Dividend To consider and approve the financial results for the period ended March 31, 2024 and dividend - NEWS as on 2024-04-10

Company Announcement Indian Oil Corporation Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 - NEWS as on 2024-04-09

Company Announcement Indian Oil Corporation Limited has informed the Exchange regarding 'Disclosure of information under Regulation 30 of SEBI (LODR) Regulations 2015 Publication in social media'. - NEWS as on 2024-04-03

Company Announcement Indian Oil Corporation Limited has informed the Exchange regarding a press release dated March 31, 2024, titled "IndianOil and Panasonic Energy sign a Binding Term Sheet for Manufacturing Lithium-Ion Cells in India.". - NEWS as on 2024-04-01

Company Announcement Indian Oil Corporation Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 - NEWS as on 2024-03-28

More announcements and NEWS

IOC Indian Oil Corporation Limited current price & indicator signals

Moving Averages for Indian Oil Corporation Limited

  • 5Day Average: 171.2
  • 12Day Average: 170.1
  • 20Day Average: 169.83
  • 50Day Average: 170.32
  • 100Day Average: 157.54
  • 150Day Average: 137.51
  • 200Day Average: 126.54

IOC Indicators & signals

Indicator MACD (12,26,9)

170.08, 169.67, 0.55
Indicator MACD is in positive zone

Indicator ADX (14)

4.83, 22.22, 24.48
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
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
06 Mon May 2024 166.25 165.10 to 172.00 -2.64% 0.91 times
03 Fri May 2024 170.75 169.40 to 174.90 -1.53% 0.98 times
02 Thu May 2024 173.40 168.25 to 174.60 2.69% 1.91 times
30 Tue Apr 2024 168.85 167.85 to 179.80 -4.47% 2.13 times
29 Mon Apr 2024 176.75 172.20 to 178.00 3.03% 1.28 times
26 Fri Apr 2024 171.55 169.85 to 172.60 0.79% 0.55 times
25 Thu Apr 2024 170.20 168.75 to 171.00 0.86% 0.47 times
24 Wed Apr 2024 168.75 167.55 to 170.60 0.39% 0.55 times
23 Tue Apr 2024 168.10 167.95 to 173.70 -1.64% 0.62 times
22 Mon Apr 2024 170.90 168.50 to 172.20 2.55% 0.6 times
19 Fri Apr 2024 166.65 162.20 to 167.50 -1.39% 0.9 times
18 Thu Apr 2024 169.00 168.05 to 175.10 0% 0.94 times

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

 

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