IOB trade ideas
IOB SYMMETRICAL PATTERN Hello
Welcome to this analysis about IOB , we are looking at daily timeframe perspectives. IOB in recent times heavily decreased with bearishness however it now moved into an oversold condition. IOB is developing here that will be a decisive factor in the upcoming times. I discovered the main formation IOB is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how IOB has emerged with this key IOB SYMMETRICAL PATTERN marked in my chart with the black boundaries. IOB is near support region which is an important support and also psychological support-mark together with the lower-boundary of the IOB SYMMETRICAL PATTERN a pullback
In this manner, thank you for watching my update-analysis about IOB and its major IOB SYMMETRICAL PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
IOB Long (Low Risk - High Reward)Emerging Market Sector
RSI Bullish Range Shift on monthly chart
Weekly RSI Above 60
RSI Positive Reversal Pattern on Weekly Chart
1. Enter @ CMP
2. Initial Stop Loss @ Closing Below 15 on Daily Timeframe
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Risk Disclosure
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Indian overseas bankIndian Overseas Bank
Bullish continuation Flag Breakout with Good intensity of Volume,
MACD positive in both tide and wave Daily and Hourly,
positive Oscillators along with BBC Bullish Ungali setup,
All the key levels are mentioned in chart with Stop-loss and Targets.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing