Indian Oil Corporation trades under mild pressure ahead of Q1 FY26 results. Analyst Deepak Pal sees bias turning mildly bullish if the stock holds above ₹145, with support at ₹140-₹138 and resistance at ₹146-₹150. Crude volatility, currency moves, and refining margins will be key. IOC shares are up 4% YTD with a 9% dividend yield.