#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!!!
the stok not getting any resistant over here
getting back to back support in day trade
just wait for breakout and go for fly..
if break toward down then go for sell
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
📌SWING TRADE FOR NEXT WEEK🚀
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I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF Shakti pumps :-
•Breakout of DARVAS BOX pattern on DTF
•Break counter trend line
•Volume Build-up Near breakout zone
•Bullish trend/ make good structure...
📊 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...
--Breakout with good volume in daily,weekly and monthly chart
--Positional & Long Term Trade
-- Entry At CMP
--Target : 46, 62, 85+
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,...
--Re-test and a STRONG bounce from the previous high levels
--Good results posted by most Banks
--Nifty psu bank corrected 15%
--Net Profit Up QoQ & YoY
1. Financials
- Operating profit for Q2FY24 and H1FY24 increased by 12.25% and 24.75% respectively compared to the same period last year.
- Net profit for Q2FY24 recorded at Rs 625 crore, showing a growth of...
Greetings 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
PSU banks breaking out
Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969.
