IOC // level // 1d

2 Okt

IOC), here’s a structured approach you can follow:

Support Levels
Recent Lows: Identify significant low points over recent trading sessions. For example, if IOC recently dropped to around ₹70, that could serve as a support level.
Moving Averages: Check the 50-day and 200-day moving averages, which often act as dynamic support levels.
Previous Support Areas: Historical price levels where the stock has bounced can also indicate potential support.
Resistance Levels
Recent Highs: Determine the highest points in recent trading. If IOC peaked at around ₹80, that might serve as a resistance level.
Trend Lines: Drawing trend lines across recent highs can help visualize potential resistance.
Psychological Levels: Round numbers, such as ₹75 or ₹85, often act as psychological resistance.
Example Analysis (Hypothetical)
Support Level: ₹70 (recent low)
Resistance Level: ₹80 (recent high)