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.
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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.
Indianoverseasbank
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
#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