Technical Analysis – IOC Ltd. (Weekly)

IOC is currently trading near a major resistance zone of ₹180–₹186 on the weekly timeframe.

Price has approached this zone after forming a steady uptrend supported by a rising trendline, indicating improving strength in the stock.

The resistance zone has historically acted as a strong supply area, and price is now attempting a breakout. A decisive weekly close above ₹186 may lead to further upside momentum and continuation of the broader trend. However, failure to sustain above this zone could result in short-term consolidation or pullback.

Resistance: ₹180–₹186
Trendline Support: ₹160–₹165
Major Support: ₹135–₹138

Outlook:
Overall structure remains constructive with price trading near a crucial breakout level. Sustained move above resistance will be key for further upside, while price behaviour near this zone should be closely monitored for confirmation.