hardeepssethi

IDBI - IDBI BANK LTD Bullish!

NSE:IDBI   IDBI BANK LTD
ON 12TH MARCH Watch for IDBI .

SHORT TERM AND POSITIONAL CALL FOR TARGET 41/42/43.70
STOP LOSS: 35.0

Highlighted in rectangle to Mark Trend Reversal after previous 2 day short covering and ready to move up.
1) MACD -Good
2) RCI - Good
3) Volume - Good
Looks positive move from here

Other technical aspects
1) Moving Averages: BUY
2) Technical Indicators: STRONG BUY
3) Only concern is Overbought, but since market seems to be positive on 12th March 2021, script seems good to move.
RSI (14) 71.261 Buy
STOCH (9,6) 70.427 Buy
STOCHRSI(14) 89.344 Overbought
MACD (12,26) 1.780 Buy
ADX (14) 50.217 Buy
Williams %R -12.821 Overbought
CCI (14) 119.5536 Buy
ATR(14) 2.4071 High Volatility
Highs/Lows(14) 3.5786 Buy
Ultimate Oscillator 50.706 Neutral
ROC 18.238 Buy
Bull/Bear Power(13) 6.0820 Buy
Summary: STRONG BUY

NOTE: THIS IS TRULY BASIS MY FINDINGS AND ANY POSITION OR TRADE ON THIS STOCK WILL BE AT YUR OWN COST, TIME AND RISK.

Trade closed: target reached: Day Range: 41.30 - 45.00 (ALL TARGETS HIT!!!!)

Trade close from our end. Even if this script has more up. This is my first thumb rule once done with my target.

NOTE: THIS IS TRULY BASIS MY FINDINGS AND ANY POSITION OR TRADE ON THIS STOCK WILL BE AT YUR OWN COST, TIME AND RISK.