-- Triangle breakout and consolidating
--price above MA
--PSU banks in focus
--Target -100/120
Disclaimer:
- The view expressed here is my personal view
- 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...
POSITIONAL TRADE
IREDA
Looks Good ABOVE 69
SL 63
Targets 72-76-79-90-100
Hold few Weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Reversal from bottom, RSI is shifting in upper direction. Stock is ready to cross past barriers with good volumes.
NSE: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...
#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....
📊 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...
Note:This analysis is for education purpose only. Buy or Sell at your risk only. I dont recommend anything.
1.Background already in accumulation phase and ready to roar in next few months
2.Stop loss at 36.70
3.Min Target 45.70
- current at support zone
-support from trendline & 50 EMA
-rsi also in support if breaks it will fall badly
-keep in radar both side it can give good profit
#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...
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
- As the trend changed in all public sector banks due to fundamentals change in the banks due to govt support in recapitalising and infusing fresh capital, so with strict stoploss one can go long in any Public Sector Bank for 1 year time frame.
- As the market making turbulence on daily basis, the stock can also behave like Nifty, so play your cards be...
IOB-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...
#IOB. Bullish momentum in Indian oversees Bank. Rounding pattern breakout .
CMP is 56.15. The immediate target should be 64.70 with SL of 53.70. #swingtrading
Cheers!!!
