As per the Annual chart, Wave 1 is a 3 Wave Sequence structure,
Wave 2 has retraced Wave 1 by less than 100% which suffices the Rule of the Wave 2, Now Wave 3 is forming now according to the fibonacci extension levels Wave 3 extends to 161.80% of the Wave 1 that way the Target for IOB is 367.20
Short Term POV : Upside of minimum 40%
Good Volume Seen ..
Expect a Fast move towards Previous ATH or even possible to make new ATH.
Earnings in next 3 days... PSU Bank Stock to keep on Radar !