Price gave a close above the Trendline. Looks so good on Charts. Consolidation done . Volume Buildup seen. Above all EMA. Good for Short term and Long term. Do Like ,Comment , Follow for regular Updates... Keep Learning ,Keep Earning... Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before...
As per the Annual chart, Wave 1 is a 3 Wave Sequence structure, Wave 2 has retraced Wave 1 by less than 100% which suffices the Rule of the Wave 2, Now Wave 3 is forming now according to the fibonacci extension levels Wave 3 extends to 161.80% of the Wave 1 that way the Target for IOB is 367.20
Greetings Folks, today i have prepared a setup of IOB on NSE the analysis as follows- -the price is at all time high - the price tried to break past it but failed, its trying again to break the ATH - the entry model has been mentioned in the chart - i am not changing my bias yet dont play with fire, always use a predefined stoploss