Stock to buy today: IOCL (₹172.75) – BUY

The short-term outlook is bullish for Indian Oil Corporation Limited (IOCL). The 3 per cent rise on Wednesday has taken the share price well above the key resistance level of ₹166. It also confirms the end of the corrective fall that was in place earlier. Strong support is now in the ₹167-165 region which can limit the downside. Fresh buyers are likely to come into the market around this support zone. IOCL share price can rise to ₹188-₹190 in the coming weeks.

Video Credit: Businessline

Traders can buy IOCL shares now at ₹173. Accumulate on dips at ₹169. Keep the stop-loss at ₹162 initially. Trail the stop-loss up to ₹176 when the price goes up to ₹180. Revise the stop-loss higher to ₹179 and ₹183 when the price touches ₹181 and ₹185 respectively. Exit the longs at ₹187.

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on February 5, 2026