Indian Oil looks good for 30-40% upside in coming months

#IOC looks great here as it is breaking out

30-40% move is possible in coming months.
More so, If anyone is holding this for long-term, along with the upside, there is a good % that one can earn in terms of Dividend yield. In the past 12 months, Indian Oil Corporation Ltd. has declared an equity dividend amounting to Rs 8.00 per share. At the current share price of Rs 106.55, this results in a dividend yield of 7.51%

Transaction en cours:

#IOC
Target 1 hit
14% returns so far

More to come

Transaction en cours:

#IOC

Target 2 hit

40% returns done

Stock is at major resistance now; hence partial profit taking is a wise thing to do here.

Once this breaks and stock hits ATH, this will fly very hard!

Trade fermée: cible de profit atteinte:

>8% up today

Target 3 is also done in style

Overall >62% profit

What a good move! Position Closed!