IOB trade ideas
INDIAN OVERSEAS BANK Trade SetupHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
SWING IDEA - IOB (INDIAN OVERSEAS BANK)With its strong foothold in the Indian banking sector and commitment to providing financial services to customers, Indian Overseas Bank presents an intriguing opportunity for swing traders.
Reasons are listed below :
Strong Support at 55-60 Zone : IOB has established a robust support base in the 55-60 zone, from which the price is rebounding, reflecting market confidence in the bank's stability and resilience.
Bullish Engulfing Candle : A bullish engulfing candlestick pattern on the daily timeframe, engulfing eight previous daily candles, indicates a strong reversal and potential upward momentum in IOB's stock price.
'W' Pattern Formation : The formation of a 'W' pattern suggests a potential reversal and bullish continuation, highlighting the underlying strength and positive sentiment surrounding IOB.
0.618 Fibonacci Support : Finding support at the 0.618 Fibonacci level reinforces the bullish outlook, providing a solid foundation for potential upward movement.
Increase in Volume : Notable increase in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for IOB.
Higher Highs Formation : IOB has been forming higher highs, indicating a trend of increasing bullish momentum and reinforcing the potential for further gains.
Target - 70 // 82 // 90
Stoploss - daily close below 54
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@visionary.growth.insights
IOB - Indian Overseas Bank - An OverviewAs per the current chart pattern and previous chart history with technical analysis, I suggest to buy this stock either at CMP or wait for the breakout as mentioned on the chart.
SAFE BUY Above 49.25
But before buying, do your own research as I am not SEBI registered person and this is not a financial advice. I am giving just my personal opinion on buying this stock
All points are mentioned on the chart itself and no need to type here
Thanks for your support as always
IOB 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 making any investments . This is for Educational purpose only.
IOB Good Investment Opportunity !!!
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
Indian Overseas Bank LtdIndian Overseas Bank Ltd (1D)
CMP 39.60
- stock is consolidating in narrow Range
- Ready for Upmove from here
Already Covered at 27.05
Sector : Banking
Industry : Bank - Public
Market Cap : 74,853.55 cr.
Category : Mid cap
PE : 31.96
Industry PE : 8.27
PEG : 0.41
About Company
Indian Overseas Bank (IOB) was founded on February 10, 1937 by Shri. M.Ct.M. Chidambaram Chettyar, a pioneer in many fields. The Bank was founded by him with. the main objective of specializing in foreign exchange business in banking to take the Bank across the globe. IOB was one of the major banks that were nationalized in 1969.
Indian Overseas Bank (10B) was founded on February 10, 1937 by Shri. M.CL.M. Chidambaram Chettyar, a pioneer in many fields. The Bank was founded by him with the main objective of specializing in foreign exchange business in banking to take the Bank across the globe. IOB was one of the major banks that were nationalized in 1969.
Business area of the Bank
Indian Overseas Bank is a pioneer in many fields Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.
Product and services offered by the bank
• Personal Banking
• Digital Banking
• NRI
• Agri/Rural
• Retail
• MSME
• Corporate/Forex
IOB looks bullishIOB looks bullish on weekly and monthly time frames and is moving upward, taking support on 40 RSI
Highlights
Increasing volume when breaking the neckline level 38
Decreasing volume while correcting the price
Weekly RSI taking support on 60 & moving back up
Even if we set stop loss below the previous swing low, we can comfortably achieve a risk-to-reward ratio of over three. Good trade for the short-term.
It has retested the neckline and moved upward, a perfect entry to make position with a slight stop loss. If the trend continues, we may see 69 levels shortly. The depth of the cup is the target from the neckline. There is resistance at 65 levels.
#IOB TRADE IDEA SETUPGreetings 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
Strength Gaining Stock! #IOBStrength Gaining Stock!
Indian Overseas Bank #IOB
1- Cup & Handle Formation
2- MACD Positive Crossover
3- Moving up with High Weekly Volume
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.