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