IOB / INDIAN OVERSEAS BANK - 4 months consolidation Breakout
INDIAN OVERSEAS BANK
1) Time Frame - Weekly & Monthly.
2) The Stock has been in a consolidation / Downtrend since (September, 2023). Currently the stock has given a breakout & Closed with strong bullish momentum & Good volume in weekly time frame.
3) The stock may reach the January, 2015's high (64.65) in short Term.
4) Recommendation - Strong Buy
1) Time Frame - Weekly & Monthly.
2) The Stock has been in a consolidation / Downtrend since (September, 2023). Currently the stock has given a breakout & Closed with strong bullish momentum & Good volume in weekly time frame.
3) The stock may reach the January, 2015's high (64.65) in short Term.
4) Recommendation - Strong Buy
Note
As mentioned previously, The given target around the price (64 - 15%) from the given price (56.20) is achieved.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.