Stock of the day : Indian Oil Corporation Ltd by Target Rs. 184 - Religare Broking Ltd
Indian Oil Corporation Ltd
Buy Indian Oil Corporation Ltd CMP 172.78 Range 171-173 SL 166 Target 184
* IOC exhibits a structurally bullish configuration following an extended consolidation, as price has decisively breached a declining trendline, indicating a positive shift in long-term sentiment.
* The stock trades firmly above its long-term moving average, with expanding volumes validating trend strength and improved participation.
* Momentum indicators remain positively aligned, with a higher-high and higher-low structure intact, suggesting sustained accumulation rather than exhaustion.
* Long positions may be considered at current levels selectively.
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SEBI Registration number is INZ00017433
