IDBI BANK (1D TF) - Swing Trade Analysis given on 3rd April, 2024 Pattern: FALLING WEDGE BREAKOUT - Trendline Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress
📊 DETAILS Sector: Bank - Private Mkt Cap: 72,256 cr IDBI Bank is engaged in the business of Monetary intermediation of commercial banks, saving banks, postal savings bank and discount houses. TTM PE : 15.14 (Low PE) Sector PE : 12.12 Beta : 1.22 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive...
Tradingview : 📈 Stock Name - IDBI Bank Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 81. 🚨 Disclaimer: This is not a Buy or Sell...
IDBI breaking double bottom neckline with good volume near #target can be 73 educational idea only
IDBI BANK is breaking out of a 2 year long cup and handle pattern with high volume and high RSI. The breakout is sustaining over the support.
NSE:IDBI ✅ #IDBI trading above Resistance of 52 ✅ Next Resistance is at 62.50 Here is related chart: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This...
IDBI is in parallel channel after making high in Nov 2010 it seems now this channel may breakout on upside with stop loss of low of Mar 2023 it has potential of around 30-40% upside
IDBI:- The stock is showing a May Head and Shoulders formation and is about to give a breakout. keep on Radar. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to...
Head & Shoulder Breakout Retracing back , Take entry on completion of retracement , Keep Your Stop loss
IDBI bank tested multiple times @ 44 levels And now again at the same level So positional bet to move up from these levels Long time trend is downtrend, but still a chance to catch a small upside spike Above 46 is a good level to enter, to catch 5-10% upside move Sl could be 44 levels or 42.5 safe levels...
If the chart crosses the yellow line the Price could go Bullish to the previous resistance BUY: 51-53 SL: 45 TARGET: 62/64 And please do correct me If I'm making a mistake somewhere
Long IDBI . target1 63 target 2 80, views are for 6 months to 1 year. Good value unlocking is still pending in psu banks.
The stock broke out few weeks back, retested the support and bounced back. Considering the setup in Banking, it looks likely to reach the 52W high and go beyond that. Keep a stop loss around 49 levels. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment...
IDFCFIRSTB Buy-Above 52.5 Sl-48 T- 60 65 70+ Wait for trendline breakout. Momentum will come after the trendline breakout
IDBI BANK LTD is in Bullish Wolfe Wave pattern formed over years(Wave countings has been marked). The chart is bit difficult for a newbie to observe.Let me brief you in key points. Very recently it has got activated again and broked the 135 TL. But the good thing about this time is, it has sustained above the 135 TL for 2 weeks. 1.The blue circles that used to...
This is follow-up on IDBI Bank. Can check link to related ideas. Target 1 achieved. More than 16%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...