Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for Indian Oil Corporation Limited (IOCL). The 2.9 per cent rise on Monday indicates that the stock is gaining momentum. Strong support is in the ₹144-143 region which can limit the downside if there is any intermediate dip. The 21-Day Moving Average (DMA) is on the verge of making a bullish crossover above the 55- and 100-DMA. This strengthens the bullish case. Indian Oil Corporation share price can rise to ₹160-163 in the coming weeks.