Weekly cup & Handle pattern

Indian Overseas Banks, weekly time frame formed Cup and Handle pattern.

IOB has made progress in improving its financial health, particularly in reducing NPAs and increasing profitability. However, it needs to address the challenges related to ROA, cost-to-income ratio, and fluctuating quarterly results. A focus on digital transformation, market expansion, and strengthening partnerships can help IOB capitalize on growth opportunities. Investors should carefully consider both the strengths and weaknesses before making any investment decisions.


This chart is self-explanatory about entry stop loss and estimated target. One should understand that this chart prepared for the long term investment purpose.

Note: I am not a certified authorized stock analyst, please do your own financial assessment before you invest.