IDBI
IDBI | Investment Pick📊 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 valuation, but lacks price momentum as suggested by technical indicators
10.84% away from 52 week high
Underperformer - IDBI Bank up by 6.3% v/s NIFTY 50 up by 7.72% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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IDBI - Ichimoku BreakoutTradingview :
📈 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 recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Long IDBI - Move is ON..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 is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IDBIIDBI:- 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 get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalIDBI 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
---------------------------------------------
Note:
Levels are for learning purposes only
Do your own analysis before taking trade
IDBI Bank - Bounce Back From SupportThe 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 section.
Do show your love by pressing the like if you liked the idea.
IDBI BANK LTDIDBI 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 previously act as support now acting as resistance, it has acted previously and even this time too.
However gradually it would be taken out as the bullish Wolfe wave is active now. So for that we need to BUY, the And buying exercise and reason has been explained in point 2.
2.The Buy can be done from CMP till 43 level. And that is because the black circles which previously used to act as resistance will surely act as support, so hypothetically this should be the accumulation zone. There should be expected target and resistances when one takes a long position , the same is explained in point 3.
3.The short to mid term target stand to be at 62.35 levels. And that is because the red circles which previously used to act as resistance will surely act as small resistance, and we should keep that as our first destination. The next resistance would be of-course the upper black trendline as it is a multi year resistance . The stock will blast towards 85 after that. But believe me it will break the trendline with huge difficulty.
There are some disinvest hope that can trigger this whole exercise.But personally I don't find this stock very interesting.
Target 1 (16%) achieved in IDBI Bank. Target 2 is ON..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 your financial advisor before taking any trade.
IDBI: Rally post a retest of breakout levelIDBI has retested the breakout level of INR 45.
The rationale for buy
- Volume expansion @ breakout, Pullback with fall in volume.
- Pattern: Reverse Head and Shoulder
- The bank has made an annual net profit for the first time in FY2020 since FY2016.
The stock is expected to rally to the 60-63 level.
This is my opinion and not a recommendation. This is only for educational purposes.
IDBI BANK LTD
Target:- 84
Stop Loss:- 46
Duration:- 7 to 8 Weeks
The stock has already break the resistance line and showing a bullish candle, which is a upside breakout and indication of upside move. It is also similar type of ascending triangle pattern. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
IDBI hourly chart setupHello Traders👋
Today i have made a post on IDBI hourly
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
I shall not be responsible for your profits and losses