Overview
IOC is holding within a rising structure.
Price is currently compressing near the upper boundary following prior expansion.
Structure Position
The structure remains intact within a rising channel.
No structural breakdown has been observed.
Market Context
Price is rotating between resistance and support zones.
This reflects time-based compression within the broader structure.
Key Zones & Levels
Major Resistance
200
Resistance Zone
165 – 180
Pivot Zone
140 – 148
Support Zone
125 – 110
Structure Weakens Below
100
Expected Behaviour
As long as price remains within the current range, behaviour is likely to remain compressive.
Interaction at structural boundaries will define further development.
Continuation Triggers
Acceptance above the resistance zone indicates structural continuation.
Invalidation / Risk Levels
Acceptance below the support zone indicates structural weakness.
Sustained movement below 100 weakens the broader structure.
Conclusion
Structure remains intact.
Behaviour remains corrective.
No structural transition confirmed.
Disclaimer
This analysis is for educational purposes and reflects structural market observation.
Structure → Level → Trigger → Probability
https://www.tradingview.com/chart/IOC/xlYfuzQJ-NSE-IOC-21-Mar-2026/
#IOC #NSE #MarketStructure #PriceAction #EwavesJournal #TechnicalAnalysis

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