Indian Overseas Bank (IOB) - Falling Channel Breakout Setup

📈 Indian Overseas Bank (IOB) – Falling Channel Breakout Setup

Watching a classic falling channel on the daily timeframe with multiple touches on both trendlines. Recent breakout above ~38.8 confirms the channel break.

✅ Planned Trade Details:
- Entry above 38.8 (confirmation)
- Stop-loss: 35.90
- ATR-based stop option: ~37.45 for tighter risk control
- Target zone: 48.80 based on channel height projection

Volume confirmation and follow-through will be key for validating the breakout. Tracking this for a positional swing trade.