Rounding Bottom BO + Sudden spike in weekly volumes: IOB 🏦💸

Long

INDIAN OVERSEAS BK (NSE:IOB)

NSE:IOB INDIAN OVERSEAS BK

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IOB Weekly: CMP 19.25 LOOKS GOOD FOR UPSIDE

1) All time high volumes

2) Could be next in line for privatization

Comment: BO done, upwards journey starts

Comment: Upper Circuit

Comment: Flying above target 1

Comments

@ikapilmittal Hi Kapil, could you please help educating on how you identified the targets?

varungupta511

@ikapilmittal, looks like recent swing highs, correct?

varungupta511

@varungupta511, Yes! I use a combination of recent swing highs and Fibonacci to identify targets

in watchlist now.

mihir2021

@mihir2021, You may trade it now, the price is near important support

have observed but not sure of its next movement. are you confident?

ritenjee

@ritenjee, No one can be 100% sure, but looking at the volumes and recent price movement looks pretty nice to me

ikapilmittal

@ikapilmittal, thank you.