In this work, we propose a Geometric Sequence Technique (GST) for effective RTO estimation in CoAP. CoAP uses a fixed RTO value with BEB in case of retransmissions. Two new techniques, namely Fullbackoff1 variant and Fullbackoff2 variant are proposed to improve the RTO estimation in CoAP. These techniques do not use RTT measurements; hence, the working of original CoAP algorithm remains largely unaffected. Unlike CoAP, both variants avoid resetting the RTO immediately after receiving an ACK for the retransmitted packet. GST is a simple enhancement to the Fullbackoff2 variant. GST retains the previous RTO value after having received the ACK for the retransmitted packet and eventually returns to the default value by decreasing the RTO depending on the number of consecutive successf-->ul transmissions. Our work shows that GST minimizes the Flow Completion Times (FCT), reduces the number retransmissions and improves the network throughput.