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Technicals for Indian Overseas Bank
By MusingTheNews
2025-06-13 20:39
Overall Technical outlook
Price Summary
On 2025-06-13, Indian Overseas Bank's stock opened at 38.14, reached 38.14, hit a low of 37.3, and rose -1.68% to close at 37.5, with 14551210 shares traded. During the past 52 weeks, the highest stock price was 68.42, and the lowest was 34.82.
Technicals
Support and Resistance: The current price of 37.5 is supported at 34.93, with resistance at 39.03. This suggests that the price for IOB might remain between these levels, where 34.93 acts as a floor and 39.03 as a ceiling in the market. Support/Resistance for IOB
Aroon: The AROON indicator suggests a strong bearish trend, with Aroon Down rising and the Aroon Oscillator staying depressed. This combination signals a continuation of the downward trend, indicating that bearish momentum is likely to persist. The steady low reading of the Aroon Oscillator suggests further weakness in the market. Aroon chart for Indian Overseas Bank
Bol. Bands: The current reading of the BOLL BANDS is neutral for IOB, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Bolinger Bands chart for Indian Overseas Bank
Parabolic SAR: The PSAR remains bearish, reinforcing a resistance level that could restrict any upward movement. This resistance indicates that the market may remain under bearish control, with limited potential for gains. Parabolic Stop and Reverse chart for Indian Overseas Bank
Stochastic: The STOCHASTIC is showing a neutral stance, with no definitive indication of an upward or downward trend for IOB. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Stochastic chart for Indian Overseas Bank
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Tripple SMA chart for Indian Overseas Bank
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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