With its strong foothold in the Indian banking sector and commitment to providing financial services to customers, Indian Overseas Bank presents an intriguing opportunity for swing traders.
Reasons are listed below :
Strong Support at 55-60 Zone : IOB has established a robust support base in the 55-60 zone, from which the price is rebounding, reflecting...
broken out of a 8 year consolidation. volumes are not that great but chart looks good for continuation. lets see.. not the fastest horse in the banking sector but will still do well.
As per the current chart pattern and previous chart history with technical analysis, I suggest to buy this stock either at CMP or wait for the breakout as mentioned on the chart.
SAFE BUY Above 49.25
But before buying, do your own research as I am not SEBI registered person and this is not a financial advice. I am giving just my personal opinion on buying this...
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
Indian Overseas Bank Ltd (1D)
CMP 39.60
- stock is consolidating in narrow Range
- Ready for Upmove from here
Already Covered at 27.05
Sector : Banking
Industry : Bank - Public
Market Cap : 74,853.55 cr.
Category : Mid cap
PE : 31.96
Industry PE : 8.27
PEG : 0.41
About Company
Indian Overseas Bank (IOB) was founded on February 10, 1937 by...
IOB looks bullish on weekly and monthly time frames and is moving upward, taking support on 40 RSI
Highlights
Increasing volume when breaking the neckline level 38
Decreasing volume while correcting the price
Weekly RSI taking support on 60 & moving back up
Even if we set stop loss below the previous swing low, we can comfortably achieve a risk-to-reward ratio of...
NSE:IOB
Target - 51
SL - 38
After taking Wonderful Support at 37.45 , Stock has shown reversal with good volumes
Stock completed Rounding Bottom pattern and gave the Breakout and now retested it's Support .
Greetings Folks,
today i have prepared a setup of IOB on NSE
the analysis as follows-
-the price is at all time high
- the price tried to break past it but failed, its trying again to break the ATH
- the entry model has been mentioned in the chart
- i am not changing my bias yet
dont play with fire, always use a predefined stoploss
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register.
NSE:IOB
Buy Entry @ 17
Target @ 25
Stop Loss @ 14
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
IOB is been making rounding bottom or cup and handle pattern. If it continues the up trend, it is good for a short term trade. Buying around 30 would be a great entry point which will give you 1 : 2 RR with stop at 19.
Strength Gaining Stock!
Indian Overseas Bank #IOB
1- Cup & Handle Formation
2- MACD Positive Crossover
3- Moving up with High Weekly Volume
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
IOB has broken triangle pattern on monthly timeframe, it is good buy around marked demand area for long team with below level as stoploss for the given target..lets see..
