A perfect U shaped recoveryIOB CMP 59.46
In my view the next big rally will happen in banks and NBFC's.I mentioned housing finance companies a few months back. They are already flying. Next are banks and NBFC's.
IOB trade ideas
Indian Overseas Bank @ 59.71Sector: Bank - Public
52 Week High 83.75
52 Week Low 24.45
All Time High 227.45
All Time Low 6.05
Book Value Per Share 12.18
Sector PE 11.47
Face Value 10
Beta 2.05
Mkt Cap (Rs. Cr.) 112,866
As long as 29/6 holds support and break of 84, we can see 160 first and further 233+
NOTE: Not a BUY or SELL SIGNAL.
All updates are only for the educational and knowledge purpose.
Stock in Downtrend with potential reversal: IOBIOB has been in a downtrend for some time.
Decent growth in ROCE (11.13%) compared to Prv Yr (8.95%) and 3Yr Avg ROCE (9.53%).
Similarly, there was a decent growth in ROE (11.35%) compared to Prv Yr (10.03%) and 3Yr Avg ROCE (10.43%).
IOB has strong support around 56 - 48 levels.
Can enter around 60 levels for a target of 75 - 80 levels in the short to medium term.
IOB in samosaIOB in samosa
this is the same pattern i shared in IREDA at 190 it went to 300
so keep eye
1 day selling, removing toddlers from market.
I am not SEBI registered
IOBIOB is currently at descending trendline resistance which connects jan2008,nov2010,apr2011, and feb2024, however consolidated for the last 23 weeks in a range approx 59-71 above trendline support which connects jan2013/jun2014. can take 1st entry closing abv 71 on weekly and pyramid the position once it breaks the descending trendline around the 80 level and then around 90-95.
Public Sector Banks looking goodAs per weekly and daily chart, a range bound consolidation seen and this consolidation is likely to be broken on higger side, so in the short term, IOB, CBI, UCO BANK, PNB, these PSBs can give 50 to 80 % gain in less than one month, so one can take position in PSBs.
IOB BreakoutDaily chart broke out from three times resistance, and just a few days ago, RSI55 showed this breakout.
I am bullish on this company for near term.
#IOB #Ready For Rocket 🚀 Indian Overseas Bank (IOB) Stock Ready For Rocket ...Today Stock Crossed There Range & Breakout 10% above ..
Banking Sector Today Bullish & Green Signal For This Week
Technically Breakout + Strong Fundamental Growth On Sales & Net Profit
Weekly Support 60 RSI
PSU Banks are looking NicePSU Banks are looking Nice📊
IOB
+ Symmetrical Triangle Pattern
+ Bullish Sector
+ Volatility & Volume Contraction
+ Above Key EMAs
-: Not a Buying recommendation
Symmetrical triangle pattern Symmetrical triangle pattern
IOB
+ Prior uptrend with Volume
+ Low volume during base Formation
+ above Key EMAs
-: Not a Buying recommendation
IOB from strong sector seems to break resistance. -EPS Growth, GNPA/NNPA decreasing, NIM Increasing
-Testing Resistance forth time, all good PSUBANK stocks setting up.
Check Vol
BREAKOUT IN IOB 📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF -IOB-
• Potential Breakout Chart
• VCP Pattern
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all charts analysis are only for educational purposes only
I do not provide any CALL or Tips
IOB | Swing Trade | Opportunity IOB (Indian Overseas Bank):
IOB is currently on the radar for potential investment, primarily due to its proximity to a breakout in stock price. Analysts suggest that should the #BJP secure victory, it could catalyze a significant uptrend in IOB's value. With a substantial market capitalization and its position within the banking sector, IOB stands poised to benefit from favorable market conditions, particularly as the finance sector is anticipated to perform strongly. Additionally, IOB has demonstrated a track record of outperforming the Index50, making it an intriguing prospect for investors seeking growth opportunities within the Indian market.
- Growth pattern is improving
- qty delivery is increasing
- chart structure is well build
all analysis looks good to keep eye on this stock.
So do your own analysis and risk management for this stock and then trade on your own risk.
Best of luck and have great day!!!
Regards,
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
Indian Overseas Bank Looks BullishIndian Overseas Bank Looks Bullish as it has given a breakout from a trendline. Also, it is above 20 EMA with a good bullish candle. Possibly can reach till 80 soon.
Note: This is just an analysis. Please do your own analysis and take trade responsibly.
IOB TRIANGLE BREAKOUT ON DAILY T.FIOB Has broken out of a Triangle Pattern.
Risky traders can go for buy on end of day closing basis, safe traders may wait for retest and then buy.
Target is 81.80 SL 59. RR is 1:2.5.
This is not a recommendation, only my view.
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.
INDIA OVERSEAS BANK - Swing Trade - 1st FebINDIA OVERSEAS BANK (1W TF) -1st Feb, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Resistance Breakout - Done ✓
- Volume Spike Buildup - Done ✓
- Retest & Consolidation - In Progress
IOB long Looking good to buy and good to go for some gains lest get going..
DYOR before taking any investment advice......
Indian Overseas Bank Up Trend Correction Done Indian Overseas Bank is up Trend Correction Now Ready to go For Positional Trade
