Indian Oil Corp. Ltd.
Long

IOC 1 Week Time Frame

258
📊 Current Price (approx):
IOC trading around ₹161–₹163 on NSE/BSE recently.

📈 Weekly Resistance Levels
These are key upside levels where selling pressure may emerge this week:

1. Major Weekly Resistance Zones
R1: ~₹164–₹165
R2: ~₹167–₹168
R3: ~₹172–₹173

Why these matter:
• Above ₹164–₹165, bulls may gain control and momentum could push toward ₹168+.
• Levels above ₹170 would be significant weekly breakout territory.

📉 Weekly Support Levels
Key downside levels where buyers might step in:

1. Immediate Support
1: ~₹158–₹160
S2: ~₹155 (secondary support)
S3: ~₹151–₹150 (deeper support if breakdown)

👉 Holding above ~₹158–₹160 is important this week for near‑term bullish bias. A decisive break below opens room down toward ₹155 / ₹150.

📌 Pivot Reference (Weekly)
A commonly watched reference midpoint:

Central Pivot (~CPR): ~₹163–₹164 — acting as balance for the weekly.

Trading bias:
Above ₹164 → bullish bias.
Below ₹160 → bearish risk increases.

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