IOB: Long term chart set up
מעודכן
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 dips strategy may be deployed...
Risk reward ratio looks good to accumulate the stock from a medium to long term perspective
Like & Follow 👍
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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 dips strategy may be deployed...
Risk reward ratio looks good to accumulate the stock from a medium to long term perspective
Like & Follow 👍
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
הערה
First target of 24.2 almost doneMade a high of 23.4
Happy trading...!!!
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.