TradingView
marketaffairs
Oct 1, 2021 11:10 AM

IDBI BANK LTD Long

IDBI BANK LTDNSE

Description


Target:- 84
Stop Loss:- 46
Duration:- 7 to 8 Weeks
The stock has already break the resistance line and showing a bullish candle, which is a upside breakout and indication of upside move. It is also similar type of ascending triangle pattern. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
Comments
PeacefulTrader321
how do you predict timeframe?
marketaffairs
@PeacefulTrader321, there is no another way to predict time frame, but sometimes stock consolidated in the trendline after breakout (upside or downside). So there is no meaning to stuck money in that one stock. Where too many stocks are available for trading and taking the right opportunity. But in this IDBI BANK LTD based on previous data, based on higher low and high, we can estimate stock will touch the Target Point around 7 to 8 weeks.
More