IDBI Bank: Keep a close eye

IDBI Bank
Closing Price 60.70

The stock has potential either side...

Bullish case

Probability of further upside increases if stock closes above 62.20

T1 66.20
T2 70.30

SL if closing is below 58.60


Bearish case

Probability of more down fall increases if closing is below 58.60

T1 56.50
T2 54.5

SL if closing is above 62.20

Will be keeping a close watch for tomorrow...
Will provide further updates during market hours...!!!

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Take care & safe trading...!!!

Regards

Trade active:

IDBI Bank
CMP 60.40

One may look to sell for a target of 58/ 56.5 & a SL of 62.20 on closing basis

Take care & safe trading

Trade active:

Made a low of 58.10

T1 almost done

Happy trading...!!!

Trade closed: target reached:

IDBI makes a low of 56 today...

Target of 56.50 done

Consider booking profits as per risk appetite

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Happy happy trading...!!!