IOB trade ideas
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
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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....!!!😀