nirav5

Trip plan for IDBI

NSE:IDBI   IDBI BANK LTD
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2
IDBI has been moving continuously in channel. Currently We have witnessed an impulse wave 3 which made high around 77. These are below few things to be noticed.

1. Impulse wave around 77.
2. Bearish Gartley with D leg almost expected around 77.
3. Previous structure resistance around 77.

I am expecting one retracement to slightly below 75 on Monday. Those having a bullish view can use it as an entry point.
Comment: Does not look like it going down, It gave small retracement and started upward journey.
Comment: A bus missed. :-) It went as per the expectation on Tuesday instead of Monday.

Comments

Nice analysis and trading plan looks very convincing to take a chance specially the zone falls into the .786 Fib level of the previous swing. Thanks a lot
Reply
nirav5 praveen.bhatiya
Thanks Praveen for bringing some icing !! Let's see how it plays tomorrow.
Reply
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