Multimonths Resistance zone breakout and pullback pattern in IOC
Updated
Hello Mates,
Guy's We have seen Neat & Clean Multi months Resistance zone breakout and Pull back pattern in IOC. On friday session it has given closing at 94 with the +2.51% of successfully upside, this is proper signal that this has respected the levels of breakout and now it is ready to fly in blue sky.
Important levels for IOC
Best entry point will be 95-93
Targets we can see in upside 101/107/115+
Keep stop loss at 85
Price is above 200-EMA, it shows a positive trend in near term.
About Company:-
Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI, that has business interests straddling the entire hydrocarbon value chain - from Refining, Pipeline transportation and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has the leadership position in the Oil refining & petroleum marketing sector of India.
Market Cap
₹ 1,32,740 Cr.
Current Price
₹ 94.0
High / Low
₹ 101 / 65.2
Stock P/E
5.40
Book Value
₹ 98.9
Dividend Yield
3.19 %
ROCE
8.16 %
ROE
7.17 %
Face Value
₹ 10.0
Debt
₹ 1,48,977 Cr.
EPS
₹ 17.4
PEG Ratio
-0.36
Promoter holding
51.5 %
Intrinsic Value
₹ 312
Pledged percentage
0.00 %
EVEBITDA
5.18
PROS
Stock is trading at 0.95 times its book value
Company has been maintaining a healthy dividend payout of 46.4%
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Guy's We have seen Neat & Clean Multi months Resistance zone breakout and Pull back pattern in IOC. On friday session it has given closing at 94 with the +2.51% of successfully upside, this is proper signal that this has respected the levels of breakout and now it is ready to fly in blue sky.
Important levels for IOC
Best entry point will be 95-93
Targets we can see in upside 101/107/115+
Keep stop loss at 85
Price is above 200-EMA, it shows a positive trend in near term.
About Company:-
Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI, that has business interests straddling the entire hydrocarbon value chain - from Refining, Pipeline transportation and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has the leadership position in the Oil refining & petroleum marketing sector of India.
Market Cap
₹ 1,32,740 Cr.
Current Price
₹ 94.0
High / Low
₹ 101 / 65.2
Stock P/E
5.40
Book Value
₹ 98.9
Dividend Yield
3.19 %
ROCE
8.16 %
ROE
7.17 %
Face Value
₹ 10.0
Debt
₹ 1,48,977 Cr.
EPS
₹ 17.4
PEG Ratio
-0.36
Promoter holding
51.5 %
Intrinsic Value
₹ 312
Pledged percentage
0.00 %
EVEBITDA
5.18
PROS
Stock is trading at 0.95 times its book value
Company has been maintaining a healthy dividend payout of 46.4%
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Note
Ioc has reached our 2nd targetNote
Note
Near to our final targetNote
wow wow wowwe have got 28+% returns
our all targets done
we have made high 122 beyond the our final targets
enjoy the rally guy's
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.