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Indian Oil Limited Technical Analysis
Indian Oil Limited Trend AnalysisUse this graph to draw trend lines for Indian Oil Corporation Limited. You can use it to identify possible trend reversals for Indian Oil as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Indian Oil price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Indian Oil Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Indian Oil Corporation Limited applied against its price change over selected period. The best fit line has a slop of 0.04 % which may suggest that Indian Oil Corporation Limited market price will keep on failing further. It has 34 observation points and a regression sum of squares at 1.02, which is the sum of squared deviations for the predicted Indian Oil price change compared to its average price change.