InsiderB

IDBI : [Intraday] Wedge within [Positional] Wedge : Breakout ?

NSE:IDBI   IDBI BANK LTD
IDBI on hourly timeframe has wedge pattern and price is near the lower trendline of wedge pattern and if you notice there is another wedge formation in 15mins. Initially I thought of posting this 60min wedge as positional trade and later converted it to intraday post bcos of Inner wedge . So Intraday traders can trade the inner wedge's direction of breakout and if intraday wedge breakouts outer wedge can trade it as positional also for much better targets . Two Birds one Stone !
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Happy Trading !!
Thanks,
+1 Reply
InsiderB AMBRISH
I'm glad that you liked the analysis !
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