The stock has formed a Doji Star on 09.03 and Buy signal was confirmed on next day as price traded above the high of it. Moreover it was at Crucial 50% of the last swing so one can go long at this level by providing a small stop loss. One can easily expect 2-3 times reward of the risk taken.
Target 107 | Stop-loss 61 * Multi-week sideways consolidation (read accumulation) * Bollinger Band contraction * Momentum oscillators inching towards buy crossover
Idbi will give a long breakout above 69.70 it can go to level upside level- 70.50 downside safe line- 69
IDBI BANK CAN DOWN FROM CURRENT LEVEL WITH RESISTANCE LEVEL 73 TARGET 72-71
IDBI BANK My View Touch Target 83.79... Remember In Prayer
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...