IOB long 66.9Major Trend line breakout, SuperTrend turned buy then again pulled back took support from ST and broke minor trendline with good volumes
RS is positive
RSI crossing 60
Momentum is positive and above MA
Volumes on down days are extremely contracted
Can be bought with SL 59.55 with tgts of 1R and even 84
IOB trade ideas
IOB-- 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 tolerance
-- Do your own analysis and consult your financial adviser if needed
IOB ShorttermPOSITIONAL 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.
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.
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.
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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.
IOB / INDIAN OVERSEAS BANK - 4 months consolidation BreakoutINDIAN 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
Public Sector Banks making lower lows and Higher Highs- 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 carefully.
- Stock prices gone very high just like of 2017 levels which has also not came in the stock yet, so save your capital at this level, do not buy all time high stocks, because you never know the price of your stoxk will come at this level in which year.
- Standing with the stock for many years is required great mental stamina, so if u have that kind of conviction then ready for 40 % fall in your holdings in coming weeks and ready with extra cash to buy other stocks which you left in this bull run.
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 BREAKING OUT IOB breaking out . IOB just broke prev year high resistance of 37.15, it just broke at hourly resistance zone and also gap has been filled. Currently trendof stoc is bullished and can be bought at curent levels.
Target Profit - depend on risk
Stop Loss - below 4 hourly support level