The stock is fundamentally strong with earnings above expectation for the Q4 2022 and an optimistic Q1 2023.
There is increase in the GRM Inventories.
The entry is in conformance with a RBR Strategy.
Trade Risk is 330(Stop Loss)
The TP are at 350,360,370
The Crude Oil Chart seems to have a contra-trend set-up which adds wings to TVC:USOIL this trade-strategy
Resistance @ 99, 114
Support at 60
Revise targets in April, May and August 2023-25
1)Reduction in GRM to increase the demand.
2)Green Initialtives to be housed in existing IOC franchises.
3)Stock is trading at 0.86 times its book value
4)Stock is providing a good dividend yield of 10.7%.
5)Company is expected to give good quarter
6)S/D Gap in EV...