Go long on Indian Overseas Bank (IOB) with a target price of around Rs 148, says Vishal Kshatriya, Edelweiss
Kshatriya told CNBC-TV18, "Yesterday Indian overseas bank (IOB) has witnessed 10% OI build up with the stock closing marginally positive. This indicates some long has been built-up on the counter. Besides this, technically also the stock has bounced back from its key support of 200 DMA. - oscillators has given a buy signal, and hence I am expecting a bounce back of 200 DMA. I would be long on IOB with a target price of around Rs 148.
