IOB Buy and accumulate in levels only , best wishes for investors
Triangular pattern formation, Stock is near a good support line. Daily and weekly RSI above 50 Above 200EMA, and near 50and 100 EMA's Expecting a breakout in IOB. Sl below 19.4 on weekly closing basis Target 1 - 23.35 Target 2 - 25.9 Target 3 - 28.35
Suggestions are based on my analysis only. Please do your analysis before taking any trade.
After a long accumulation phase. This script is ready to reach a new target Rs.32 or more
Kindly note that this is not a recommendation and only an analysis. PSU Banking is in good uptrend and IOB is looking like ready to participate in the run. Wait for breakout and then trade wisely.
Daily 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.
Riding the Bullish Bat. Plain and Simple. Awaiting the breakout from the triangle to star its journey.
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
It has taken very good support at the drawn trendline. Hope moves as per analysis
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. Like and comment your views, follow the channel for daily updates.
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. Please like and follow! Happy Trading :)
IOB 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...
IOB showing positive rally and trading near resistance levels, formed ascending triangle and ready for breakout. Levels marked on chart