IOC
Updated
The company is moving from a high debt commodity single product manufacturer to a debt free diversified business. Business transformations take a while and stock has re rate from a PE of 3 to mid teens in a few months. It’s a slow process, you should not expect the stock to keep climbing like it has. That’s not normal
Entry After Breakout and then Again re-enter at Retest Breakout 96 - 97
Stop Loss 90 on Day close basis
Target 120 and 150
Entry After Breakout and then Again re-enter at Retest Breakout 96 - 97
Stop Loss 90 on Day close basis
Target 120 and 150
Trade active
Again Enter today @ 98.5
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