📉 IOB (Indian Overseas Bank) - Falling Channel Setup
🔍 Daily Chart Analysis – June 26, 2025
IOB has been trading within a well-defined falling channel since early 2024. Price is currently testing the upper boundary of the channel but hasn’t confirmed a breakout yet.
🔑 Key Observations:
Structure: Clearly respecting the falling channel.
Moving Averages: Price is hovering around short-term EMAs (20 & 50) and below the both EMA, indicating weak momentum.
Volume: No significant volume surge yet to support a breakout.
Confirmation needed: A close above the trendline (~₹39–40) with volume would be an early sign of bullish reversal.
🎯 Watch for:
Breakout above ₹40 with increased volume = potential short-term rally.
Failure to break may result in retesting lower channel support near ₹33–34.
🧠 Adding this to my breakout watchlist. Will reassess if it closes outside the channel.
🔍 Daily Chart Analysis – June 26, 2025
IOB has been trading within a well-defined falling channel since early 2024. Price is currently testing the upper boundary of the channel but hasn’t confirmed a breakout yet.
🔑 Key Observations:
Structure: Clearly respecting the falling channel.
Moving Averages: Price is hovering around short-term EMAs (20 & 50) and below the both EMA, indicating weak momentum.
Volume: No significant volume surge yet to support a breakout.
Confirmation needed: A close above the trendline (~₹39–40) with volume would be an early sign of bullish reversal.
🎯 Watch for:
Breakout above ₹40 with increased volume = potential short-term rally.
Failure to break may result in retesting lower channel support near ₹33–34.
🧠 Adding this to my breakout watchlist. Will reassess if it closes outside the channel.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.