IOB --- marching towards 90NSE:IOB
cmp 48
heading towards 90
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
IOB
Indian Overseas Bank (IOB) - Long Setup, Move is ON...#IOB trading above Resistance of 59
Next Resistance is at 90
Support is at 43
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IOB | Positional Trade📊 DETAILS
Sector: Bank - Public
Mkt Cap: 89,313 cr
Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969.
TTM PE : 38.10 (High PE)
Sector PE : 13.27
Beta : 1.47
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
9.88% away from 52 week high
Outperformer - Indian Overseas Bank up by 7.22% v/s NIFTY 50 up by 0.49% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
Indian Overseas Bank (IOB) - Long Setup, Move is ON...#IOB trading above Resistance of 43
Next Resistance is at 59
Support is at 26
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IOBIOB-EQ
-Strong Breakout Candidate
-Round Bottom Structure Breakout
-Strong Range Accumulation
-Strong Volume Buildup
-Performing Good but had Bad Reputation
-Just for Trading & Swing not for Investment
Entry 🟢: Above 57
Target 🎯: 64, 81, 87, 97 ++
Stop loss 🔴: 45 WCB
Remark: Short Term
⚠️ Disclaimer : Chart & Levels are for educational purposes. Trade according to your Risk or consult with your Finance Advisor.
IOB | Swing Trade📊 DETAILS
Sector: Bank - Public
Mkt Cap: 77,027 cr
Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969.
TTM PE : 32.90 (High PE)
Sector PE : 11.43
Beta : 1.65
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
20.94% away from 52 week high
Underperformer - Indian Overseas Bank up by 2.01% v/s NIFTY 50 up by 6.8% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
#IOB LONG TRADE IDEA SETUPGreetings Folks,
today I have prepared a setup of IOB on NSE
the analysis is as follows-
- The price was in a bearish leg
- its trying to pickup bullish momentum through a minor choch
- have mentioned 2 entries, use according to the tomorrow's market
don't play with fire, always use a predefined stoploss
IOBIOB:- Wait for breakout, plan something only after that
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
#NAVKARCORP NAVKARCORP #INVEST #MONEY #NFT #CRYPTO #NSE #BSE #IT#NAVKARCORP
Navkar Corporation Ltd.
NSE:NAVKARCORP
NSE:NAVKARCORP
CMP: 46.7
Target: 60
Sl: 42
DDuration: < 6M
Almost 28% Safe Return expected.
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
IOB: Long term chart set upIOB
CMP 16.15
- We observe a break out in the stock chart
- chart suggest, stock price currently in consolidation mode
- the zone of 13.25-16 is very important for IOB
- if held on to the doors open up for further upside in medium to long term
Target for the current set up 24.20 / 32-35 zone
Pattern gets invalidated if IOB weekly close is below 12.15
Buy on dips strategy may be deployed...
Risk reward ratio looks good to accumulate the stock from a medium to long term perspective
Like & Follow 👍
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
IOB: Reaping the benefits of Technical AnalysisIOB
CMP 20.45
Back on April 20th, when the stock was around 16, this is what was posted...
The chart suggested a larger gain potential in IOB. The stock took some time to take off. One needs to have patience, trust the studies and the chart. The results is in front of you. 30% gain in less than 2 months.
We can not time the market... but when time comes you can certainly make the most from it...
Take care & happy trading....!!!😀