Buy Indian Oil Corporation Ltd Target Rs.195.00 - Jainam Share Consultants
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Indian Oil Corporation Ltd
Indian Oil Corporation Ltd CMP 179.10 Buy Price 179.10 Target 195.00 Stop loss 171.00 Holding Periond 1-1.5 Month
* The stock price close at Rs. 176.46 on 24th Feb, 2026.
* Currently the stock has given bullish chart pattern formation which resemble as Flag and Pole chart pattern breakout on daily chart.
* At this point, the stock is trading above the 20 and 50-day moving average. The momentum indicator RSI, is in a Bullish position, above 60 suggesting that the stock is in a bullish phase.
* We expect the stock price to continue its current bullish momentum and head towards 195.00 levels considering the current price action
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
