Bullish Inverted H&S confirmed on IOBA bullish Inverted H&S Breakout pattern activated on the daily chart of NSE:IOB . One can create a fresh position in IOB at 26.50 with a stop loss of Rs. 23.50 for a target of Rs. 31.50.
Exit the position if the stop loss triggered on DCB.
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IOB trade ideas
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in IOB
BUY TODAY SELL TOMORROW for 5%
IOB Bullish C&H breakout and Active Harmonic patternPenny Stock Special : IOB for high risk takers
Fundamentals : Decent, good quarter, showing YOY improvement, Supported by Strong PSU Sector!
Technicals : Bullish, C&H breakout, Harmonic Bat Active with high Volumes
R 1: 38
R 2: 45
R 3: 52++
Short term support : 27
Mid - Long term support : 24-20
INDIAN OVERSEAS BANK ---WEEKLY BREAKOUT INDIAN OVERSEAS BANK --WEEKLY CHART --TRENDLINE BREAKOUT
1. Trendline breakout seen on weekly chart above 20 level
2. Double bottom formation seen at 15.50 level from where stock at uptrend following trendline .
3. RSI seen above WMA and above 60 level at bullish zone
4. stock above 50,100,200 SMA
5. one can inituate Long position at breakout level 21-23 TARGET 25-27-30 Short to mid term and stop loss bellow new trendline support at 17
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk ,!!
HAPPY TRADING . !!