IOC stock looking for huge downside from current market price almost 30-40% as per there is huge consolation and now finally breakdown that indicate target of 144 and 102 on chart there is selling 180 to 200.
Current PE is 8.44 and as per your analysis if it goes to 102, I believe PE would be somewhere around 3-4. Are you expecting bad results for last qtr.
M_Chartist
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@Sachin.d.oak, There are Bad qualitative fundamentals Crude can trade above 80 very soon!! Charts shown huge selling at upper levels that can move stock downside.