Indian Overseas Bank (IOB #NSE) in a key resistance zone

Winning Stock Price Structures

Saturday, July 31, 2010

July 31, 2010: IOB is holding itself reasonably well in the resistance zone. Needs to navigate this zone between 115-123, for a move to 140.

July 16, 2010: After the breakouts of June 17 & July 6, IOB is showing signs of strength. The backup after these upward jumps happened at low volume. This suggests that IOB wants to go higher and probably go after the highs of 2009 at around 140.

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Winning Stock Price Structures

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