eyesice
Long

IOB - Ready to take off?

NSE:IOB   INDIAN OVERSEAS BK
For a year, the stock has been trying to break out the current resistance umpteen times. Yesterday huge volumes were witnessed with a positive indication on MACD & RSI .

Buy above 29
SL - 28.35
Tgt1 - 32 ( 10 % )

Please provide your valuable feedback which would help me improve my ideas each time.
Comment: Wanted to add that there is a hidden bullish divergence on the MACD & RSI indicators.
Trade active: Stock rallying 8 % up!!
Trade closed: target reached
Yes...agreed
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