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