IOB 1 Week View

📊 Key Technical Indicators

Moving Averages: The stock is trading below its 5-day, 50-day, and 200-day moving averages, all indicating a sell trend.

Relative Strength Index (RSI): The 14-day RSI stands at 39.62, suggesting the stock is in a neutral to bearish condition.

MACD: The MACD is negative, reinforcing the bearish trend.

📈 Support and Resistance Levels

Support Levels: ₹37.84 (weekly pivot), ₹37.56 (short-term support), ₹36.07 (lower range of horizontal trend).

Resistance Levels: ₹39.75 (weekly pivot), ₹39.59 (near-term resistance), ₹41.08 (upper range of horizontal trend).

🔍 Trend Analysis

The stock is moving within a wide and horizontal trend, with a 90% probability of trading between ₹36.07 and ₹41.08 over the next three months.

⚠️ Outlook

The prevailing trend is bearish, with no significant positive signals at the moment. A break above the resistance levels could indicate a potential reversal, but currently, the stock remains under pressure.