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INDIA OVERSEAS BANK - Swing Trade - 1st Feb

Long
INDIAN OVERSEAS BK (NSE:IOB)  
TradeRyteStockz Updated   
NSE:IOB   INDIAN OVERSEAS BK
Trend Analysis Chart Patterns Technical Indicators indianstockmarket stockstobuy swingtrading trendtrading traderyte Ascending Triangle breakouttrading
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trendanalysis chartpattern indicator indianstockmarket stockstobuy swingtrading trendtrading traderyte ascendingtriangle breakouttrading
INDIA OVERSEAS BANK (1W TF) -1st Feb, 2024

Pattern: ASCENDING TRIANGLE BREAKOUT
- Resistance Breakout - Done ✓
- Volume Spike Buildup - Done ✓
- Retest & Consolidation - In Progress
Trade active:
INDIA OVERSEAS BANK (1D TF) - 5th Feb, 2024

- 19% Returns in 2 Trading Sessions

- TSL is on

#stocks #swingtrade #chartanalysis #priceaction #traderyte #IOB
Comment:
INDIA OVERSEAS BANK Update (as of 10th March, 2024)

✓ 50% in 6 Trading Sessions

- Post analysis the stock shot up 50% in just 6 trading sessions
- PSU Banks Sector was in focus and this helped the move as well
- Trailed the SL and made sure to book profits at around 40%

Re-entry Possibility:
- Now after a month of consolidation, our 2nd target level has become our Support/Demand Zone
- A falling wedge pattern has been formed with a clear breakout
- Volume spikes initiated
- Waiting for a clear re-test and consolidation to keep our SL small to get a better RR
- Targets will be the two previous swing highs

#stocks #swingtrade #chartanalysis #priceaction #traderyte #IOB
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