Multimonths Resistance zone breakout and pullback pattern in IOC

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.

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Comment:

Ioc has reached our 2nd target

Comment:

Comment:

Near to our final target

Comment:

wow wow wow
we have got 28+% returns
our all targets done
we have made high 122 beyond the our final targets
enjoy the rally guy's