BREAKOUT IN IOB 📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
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 also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
IOB trade ideas
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
Breakout--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, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser
Bounce back--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 24.75% YoY.
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 need
#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
BREAKOUT, INDIAN OVERSEAS BANK, 170% RETURNS!!!BUY - INDIAN OVERSEAS BANK
CMP - Rs. 46
Target - 1: Rs. 69
Target - 2: Rs. 91
Target - 3: Rs. 125
.
Timeframe - 3 months - 15 months
.
Technicals - Descending Channel Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
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.
IOB --- marching towards 40NSE:IOB
marching towards 40
cmp is 32.70
gave a breakout at 28 levels last month and after some small consolidation rising again towards 40
at 40 zone will face resistance
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
IOB - 7yrs breakout + Inv Head & Shoulder PatternIOB has respected 33-33.5 level since 2016 and is now trying to break this for the 4th time.
Considering the momentum in PSU Banks, strong long term resistance band & a lose Inv Head & Shoulder pattern in formation, this is a great pick for next week.
Entry - Above 33.5
SL - 31.5
Target - 39, 42
Thanks
Piyush Gupta
Learn & Earn