IOB is now at major support zone.
If the stock break the previous week high we can enter into the stock
Entry -above 19.95 if the price close in day chart
Stoploss -19.25 or 18.75 a comfortable for your risk
Iob trend reverse after Double bottom formed. Aggressive investor can invest and target 24. conservative investor wait for the retracement discounted price 18.85
There is a channel forming on Daily timeframe on IOB.
We could expect a possible move of upto 9 points from a close above 26.
This is based on my assumption that a close of above 26 will cause it to breakout above the channel.
NSE:IOB
All levels updated on chart,
Buy only price sustains first 15 mins above the entry level.
support level will be the SL.
Position holders can use the nearest SL and day traders strictly support/entry level.
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It is breaking its previous resistance, then retesting and continuing again. Volumes are really good. Expecting the bullish move to continue.
Can be bought for a target of 29. CMP-27.45.
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Happy Trading :)
Buy indian overseas bl at cmp for 28+ levels (36% upside), SL: 17, IOB is also a top contender for Bank Privatisation. A big run-up is likely to happen.
IOB
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...
Indian Overseas Bank engages in the provision of commercial banking services. It operates through the following segments: Treasury, Corporate or Wholesale Banking, Retail Banking, and Other Banking Operations. The company was founded by Muttaiya Chidambaram Chettiar on February 10, 1937 and is headquartered in Chennai, India.
NSE
