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IOB - 7yrs breakout + Inv Head & Shoulder Pattern

IOB has respected 33-33.5 level since 2016 and is now trying to break this for the 4th time.
Considering the momentum in PSU Banks, strong long term resistance band & a lose Inv Head & Shoulder pattern in formation, this is a great pick for next week.

Entry - Above 33.5
SL - 31.5
Target - 39, 42

Thanks
Piyush Gupta
Learn & Earn

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study-learning-on-Price-Action

All studies for for learning purpose only.
These are not trade recommendations

Not responsible for any profit or loss