INDIAN OVERSEAS BANKPembelian
The trend is strong
IOB CM 52.14
Fibs- the retracement to 50% of the swing is strength. This means the trend is intact and strong.
Trendline- break of the falling trendline and retest is positive.
RSI- +ve divergence at support is indication of reversal. On the second dip the RSI is now taking support above the bull zone. This is again positive.
Conclusion - the stock will go minimum to the top which is 75. This is a good 45% from here.
Fibs- the retracement to 50% of the swing is strength. This means the trend is intact and strong.
Trendline- break of the falling trendline and retest is positive.
RSI- +ve divergence at support is indication of reversal. On the second dip the RSI is now taking support above the bull zone. This is again positive.
Conclusion - the stock will go minimum to the top which is 75. This is a good 45% from here.
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